As Dark Pool Volume Soars, Citadel's Sudden Transparency Interesting

As Dodd-Frank regulatory changes loom, trading volume in a leading “dark pool” exchange has recently exploded. Average daily volume on Citadel Securities trading platform, Citadel Connect, which was 25 million daily contracts a year ago, saw on average 72 million contracts traded daily in January, according to a report from Reuters. Dark pool’s display of transparency interesting Citadel’s display of transparency regarding its once secretive dark pool is interesting.  Until recently the dark pool didn’t even have a public name and was referred to as Citadel’s IOC (Immediate or Cancel) Gateway.  The fact that one of the largest market makers…