30 April 2012

Co-Authors

Justin Schack

Managing Director

Alex Kemmsies

Associate

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

“Oh, the streets of Rome are filled with rubble, Ancient footprints are everywhere, You could almost think that you’re seeing double, On a cold, dark night on the Spanish Stairs”

—Bob Dylan, 1971 ("When I Paint My Masterpiece,” from The Band’s album “Cahoots”)

Dark pools lost market share for a second straight month in March, even as volatility continued to fall. The 19 non-displayed venues we track executed...