22 November 2013

Co-Authors

Justin Schack

Managing Director

Alex Kemmsies

Associate

Andrew Upward

Associate

Rosenblatt Securities Inc.
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LET THERE BE LIGHT
Rosenblatt’s Monthly Dark Liquidity Tracker

"Just a reflection of a reflection of a reflection, But I see you on the other side, We all got things to hide."

—Win Butler and Régine Chassagne, 2013, (“Reflektor,” from the Arcade
Fire album of the same name)

Dark-pool market share declined m/m in October as volatility increased. We estimate that dark pools executed...

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