When Dimitri Sogoloff takes the plunge into “dark pools” of liquidity, he doesn’t always emerge refreshed. Sogoloff, chief executive of New York–based quantitative hedge fund firm Horton Point, says he’s come away more than once feeling a little sullied.
In search of lower trading costs, Horton Point managers sometimes tap dark pools, increasingly popular off-exchange electronic trading venues where buyers and sellers can fill large orders anonymously.
