Dark book or dark pools refers to "non-displayed liquidity resident inside certain brokerage houses." Search for all instances of the phrase "dark pools" in this article: http://www.tradersmagazine.com/column.cfm?id=280&year=2006&src=home
Any updates on those using EDGX? Is a good a route for taking liquidity on the nasdaq? I primarily trade nyse stuff thats why I'm asking... -Guru
EDGX is fine for taken liquidity, and the routing fee is only .0029. Platform Adding Removing Routing EDGX Tape A $(0.0025) $0.0026 $0.0029 EDGX Tape B $(0.0025) $0.0026 $0.0029 EDGX Tape C $(0.0025) $0.0026 $0.0029 EDGA FREE FREE $0.0029 However I prefer BATS over any other ECN. BATS is now a little bit faster fills than other ECNs even NSDQ. Securities Adding Removing Routing Tape A (NYSE Listed) $.0024 $.0025 $.0029* Tape B (Regionals) $.0030 $.0025 $.0029 Tape C (Nasdaq Listed) $.0024 $.0025 $.0029**
http://www.batstrading.com/press_release_pdf/SmartOrderRouter-2008-04-28.pdf I know I read someplace that compared BATS new Smart strategy vs. NSDQ's Smart strategy and BATS was faster by I think it was a few microseconds.
Thank you for posting this. I used BATS a few times today and I was really impressed with the speed and the fills that I received. Let's hope it continues -Guru