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Liquidnet’s Dark Pool Value Index: Week of 12/05/2016

Download the Dark Pool Value Index

Adam Sussman, Liquidnet's Head of Market Structure and Liquidity Partnerships, talks about how the Dark Pool Value Index (DPVI) does not take into account the magnitude of difference among the dark pools. In a brute ranking system, the end results dominate the story and the difference between 1st place and 2nd place becomes easy to overlook. This can mask the fact that there are some dark pools that have meaningful differentiation – and that many are very similar.

Adam defends his ranking system by saying that the goal of the DPVI is to see if we can identify ways in which an ATS differentiates itself. In this way, the difference is everything.

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