News Formal

Dark pools can benefit small, mid-cap stocks in Singapore: study

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

DARK trading, which often comes with a negative connotation as investors trade shares anonymously, can actually improve market liquidity for illiquid, as well as small and mid-market capitalisation stocks on the Singapore Exchange (SGX), a staff paper from the Monetary Authority of Singapore (MAS) said on Thursday. Read more at The Business Times.

Perfectly legal, dark trading - also known as"black pools","dark liquidity" and"upstairs markets" - are controversial alternative private trading platforms that allow investors to make large trades anonymously unlike in a lit exchange where traders can see a large order going through and can move the price against the investor executing the order.

Currently, there are only two dark pool operators here - LiquidNet and Credit Suisse. Both target institutional investors, and have a larger average execution size. So they do not face this problem. The study found that smaller market capitalisation stocks experience, on average, larger increases in lit liquidity than those for larger market capitalisation stocks as dark trading increases. Small market value stocks are generally less liquid than the large market value ones. Hence, any positive effect of dark trading on lit liquidity would be amplified for small market capitalisation stocks.

Jason Yates, managing director and Head of Asia Execution Services, Morgan Stanley, welcomed the report and its findings.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 15. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Hong Kong: Stocks start Wednesday's session with small losses[HONG KONG] Hong Kong shares opened sightly lower on Wednesday morning following a healthy, four-day rally, though investors remain upbeat about the outlook for the China-US trade talks. Read more at The Business Times.
ソース: BusinessTimes - 🏆 15. / 51 続きを読む »

Singapore stocks: STI resumes Wednesday afternoon at 3,259.23, up 0.33% on daySINGAPORE stocks continued their advance as trading resumed on Wednesday afternoon, with the Straits Times Index up 0.33 per cent or 10.60 points on the day to 3,259.23 as at 1.04pm. Read more at The Business Times.
ソース: BusinessTimes - 🏆 15. / 51 続きを読む »