Adam Sussman, Liquidnet's Head of Market Structure and Liquidity Partnerships, used FINRA ATS Data for a 12 week period ending 2/24/2017 to create the ranking for this Dark Pool Value Index. A higher standard deviation means the ATS shows greater change within that category. This gives us a quick way to assess the long-term strength and stability of how an ATS differentiates itself from its peers.
Fintech sounds like it’s about the future. Fintech sounds like that young, brash upstart that overthrows the status quo and changes the way we interact with some outdated service. Liquidnet's Adam Sussman writes about how he find that’s rarely the case, particularly when it comes to capital markets.