A new CMCRC study has found that low levels of dark trading improve market quality. The study, by Sean Foley, CMCRC research analyst, and Talis Putnins of UTS, analysed Canadian dark trading before and after the introduction of minimum price improvement rules in October 2012. Their findings indicate that the low levels of dark trading observed in Canada reduce transaction costs and improve the efficiency of the market.
Click on the link above for the news release, and access the full article under “Featured Article: Should we be afraid of the dark?”.
