Citi Shutters Lavaflow – 5th Largest ‘Dark Pool’ In America…” Everyday we get ‘glimpses’ of this collapse”

Tuesday, December 2, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/02/2014

When the 5th largest dark pool trading venue (by volume) in America is shuttered, as Citi notes because its “capital, resources and efforts would be better redeployed elsewhere,” you know there is a problem in US stock trading volumes and liquidity. Everyday we get ‘glimpses’ of this collapse – most recently yesterday’s AAPL flash-crash – as human traders (who provide the ‘fish’ for the machines) disappear and HFT liquidity-providers pull liquidity in a flash. Crucially, as we hinted previously, we wonder if the large firms are exiting the dark pool business before some engineered >market collapse is pinned on these opaque ‘markets’ who have come under increased regulatory scrutiny.

The Rest…HERE

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