Buyside develops system to find best dark liquidity pools

A joint venture between Weeden, an agency brokerage, and Pragma Financial Systems, an algorithmic-software designer, is trying to address the challenges caused by the proliferation of dark liquidity venues. "As the dark pool universe grew, our clients were having problems accessing liquidity in an efficient and intelligent manner," said Doug Rivelli, managing director at Weeden. "We wanted to get them to a larger universe of dark pools."

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