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dc.contributor.advisorBarth, Eric J., 1964-
dc.contributor.authorMickus, Andrew
dc.descriptionvi, 26 p.en_US
dc.description.abstractMarket structure in the U.S. is complex and filled with numerous regulations matched only by the number of people trying to circumvent them. This paper examines a specific segment of the market- dark pools. Specifically, it looks at the possibility that dark pools, when placed alongside public exchanges, adversely affect the price discovery process, and therefore general market quality. The validity of this claim is inspected both empirically and theoretically. A literature review of Haoxiang Zhu's thesis "Do Dark Pools Harm Price Discovery?" provides a quantitative perspective that shows that, under normal conditions, the addition of a specific type of dark pool will not harm the price discovery process and will, in fact, reduce excess market noise. This work can provide an important backdrop in determining current and future regulatory practices designed to protect and serve investors.en_US
dc.publisherKalamazoo Collegeen_US
dc.relation.ispartofKalamazoo College Mathematics Senior Individualized Projects Collection
dc.relation.ispartofseriesSenior Individualized Projects. Mathematics.;
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleThe Rise of Dark Pools: Impact on Price Discovery and Market Qualityen_US
KCollege.Access.ContactIf you are not a current Kalamazoo College student, faculty, or staff member, email to request access to this thesis.

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  • Mathematics Senior Individualized Projects [254]
    This collection includes Senior Individualized Projects (SIP's) completed in the Mathematics Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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