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Dark Pools
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»>Dark Pools<. Shadow Exchanges in Light of U.S., European and German Capital Markets Regulation«
>Dark Pools< facilitate trading of financial instruments. Unlike exchanges, they do not disclose orders. This feature attracts traders with large orders who wish to protect their block orders against strategic reaktions of other traders. Based on an extensive economic analysis, the author evaluates the new regulatory requirements for >Dark Pools< in U.S. and European Capital Markets Law.
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