Dark Pool Delivers
First Published in Automated Trader Magazine Issue 10 Q3 2008 : Execution Research
Quantitative Service Group's (QSG) June research note on NYFIX Millennium trade execution has caused quite a stir in the industry. The research, which examined three months of detailed NYFIX execution data, will leave buyside traders who have long sought empirical evidence on the performance of dark pools praying that it is just the tip of the analytical iceberg. Andy Webb talks to Tim Sargent, President and Co-founder of QSG, about the report and its findings.
By Tim Sargent
How did the research come about?
Our institutional clients have obviously long been interested in dark pools and particularly some objective measure of their execution potential. NYFIX had initially co
