Agency broker Bloomberg Tradebook says it has reached exclusive arrangements with a number of dark pool operators to deliver “full transparency and visibility” of executions to users of its new B-Dark algorithm.
Under the new arrangement, Tradebook will be able to show traders where their orders are being filled in real time, with the aim of enabling more informed decisions on directing order flow and discretionary trades.
“For far too long the buy-side has tolerated a critical lack of information when trading in dark pools and that needs to change,” said Ray Tierney, the Tagged: algorithmic trading, Dark pools