Since the great financial crisis of 2008, Darks Pools have experienced a growing development. It must be said that the transparency requirements imposed by regulators have allowed the growth of these private trading platforms where institutional investors can trade anonymously and without the information on transactions being made public so as not to influence prices.

However, these platforms raise several questions. Do they influence price formation? What are their effects on price and market volatility, as well as on liquidity?

To see more clearly, François Dezorme of the Institut Louis Bachelier has conducted an impact study on this subject.

Read and download the study here