25 September 2013

Co-Authors

Justin Schack

Managing Director

Alex Kemmsies

Associate

Andrew Upward

Associate

Rosenblatt Securities Inc.
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LET THERE BE LIGHT
Rosenblatt’s Monthly Dark Liquidity Tracker

"When the lights cut out, I was lost standing in the wilderness downtown"

—Win Butler, 2010 (“We Used to Wait,” from the Arcade Fire album “The
Suburbs”)

Dark-pool market share declined in August as volatility inched upward. We estimate that dark pools executed...

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