After continued publicity from the book Flash Boys, Goldman Sachs Group Inc (NYSE:GS) is considering discontinuing its dark pool, Sigma X, according to a report in the Wall Street Journal. According to a Tabb Forum report, February average daily volume in the Sigma X dark pool was 75 million, as previously reported in ValueWalk. In February the Sigma X pool was the fifth largest dark pool by volume. Dark pool dangers The dangers of running a dark pool – and the increasing fragility to the core market structure the fragmentation and technical dispersion create – are coming into sharp focus. …
Goldman Considers Exiting Dark Pool Business
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.