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Hidden Liquidity

A source of market liquidity that is created through dark pools (dark liquidity pools) or black pools (black liquidity pools)....

Order Anticipation

A directional strategy that is deployed by high frequency traders, both as providers and users of liquidity, in the lookout...

Nondisplayed Exchange

An exchange (venue) in which offers to trade are not disclosed to the public. Orders can be invisibly transmitted (and...

Nondisplayed Market

A market in which offers to trade are not disclosed to the public. Orders can be invisibly transmitted (and hence...

Nondisplayed Liquidity

A source of market liquidity that is created through dark pools (dark liquidity pools) or black pools (black liquidity pools)....