Modern problems of financial market liquidity. Dark liquidity pools

In a global world without borders and restrictions, in a world of global information openness, it is difficult to hide data about yourself and your actions. The financial market is evolving to meet the needs of its participants. One of the needs is the sale of large volumes in the market without a significant impact on the asset average final sale price. To meet this need, a new liquidity instrument has appeared in the market - dark liquidity pools. This work defines the main advantages and disadvantages of dark liquidity pools, the main platforms, their volumes, as well as the degree of influence on the overall liquidity of the financial market. The research has shown that the situation with dark liquidity pools in the financial market is becoming more and more critical and urgent. At this stage it is important to decide how to preserve the advantages of dark liquidity pools while minimizing the impact of their disadvantages on the market. The results of this work can help market participants to understand the essence of dark liquidity pools, and regulators to understand the importance of the issue and make changes to current regulations to improve the efficiency of market mechanisms.