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

Mark Melin

Published onFebruary 21, 2014

Updated on May 13, 2021

As Dodd-Frank regulatory changes loom, trading volume in a leading “dark pool” exchange has recently exploded.

Table of Contents

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...

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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.

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

Dark pool’s display of transparency interesting

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