CAFIN to host its quarterly lecture this Friday, October 23

October 20, 2015

The Center for Analytical Finance hosts its quarterly lecture this Friday, October 23, 2015.

Professor Ingrid Werner of Ohio State University will deliver a talk about the role of dark pools in a fragmented market based on a theoretical model. She will discuss factors that drive volume away from the transparent markets and into the dark pools while reviewing the consequences of dark trading for market quality.

Assistant professor Eric Aldrich remarks: "in contrast to typical, "lit" financial exchanges such as the New York Stock Exchange or Nasdaq, where market information is publicly disseminated, dark pools are privately run exchange entities that operate outside of regulatory boundaries. Just has high-frequency trading practices are often criticized for their role in affecting market quality, the obscurity of trading practices in dark pools are often criticized for their spillover effects on public markets. Professor Werner will discuss her theoretical and empirical research on factors that induce trading in dark pools as well as the effect that dark pools have on overall market quality."

More information about the event can be viewed here.