Lagna_2_MAIN_20181217.1120.pdf (309.13 kB)
The dark side of liquidity: Shedding light on dark pools' marketing and market making
journal contribution
posted on 2019-03-14, 11:11 authored by Andrea Lagna, Marc LengletIn this article, we explore the case of dark pools of liquidity, which are trading venues that do not display order books and other trading-related data. We argue that, in a context where liquidity remains essentially invisible, dark-pool providers use visual advertisements that iconically represent liquid markets. In so doing, they defuse the idea that dark liquidity is harmful to market efficiency and fair pricing. We use Barthesian and Greimasian semiotics to study how a major bank advertised its dark-liquidity services through iconic visual signs. We contribute to economic sociology and social studies of finance by foregrounding the role of visual advertising in the construction of liquid markets. To do so, we draw on insights from market studies and visual culture.
History
School
- Business and Economics
Department
- Business
Published in
Consumption Markets & CultureVolume
23Issue
4Pages
390-406Citation
LAGNA, A. and LENGLET, M., 2019. The dark side of liquidity: Shedding light on dark pools' marketing and market making. Atlanta, Consumption Markets & Culture, Doi: 10.1080/10253866.2019.1582415Publisher
© Taylor & FrancisVersion
- AM (Accepted Manuscript)
Publisher statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Consumption Markets & Culture on 01 Mar 2019, available online: https://doi.org/10.1080/10253866.2019.1582415Acceptance date
2019-02-05Publication date
2019-03-01ISSN
1025-3866Publisher version
Language
- en