1.Previous
3.Next

including decreased market liquidity and increased price volatility. This is one motivation for markets that are selectively transparent, such as "dark pools".

Dynamics of transparency may also differ between investment markets, cambist markets where goods trade without being used up, and other types of markets, e.g. goods and services.

In fair value accounting (FVA), transparency may be complicated by the fact that level 2 and 3 assets cannot strictly

1.Previous
3.Next