Jack Miller, Head of Global Execution Services for Baird, recently authored an article, “One Size Doesn’t Fit All,” for Traders Magazine on the rise of off-exchange trading and the impact it could have on equity market structure.

Miller notes: “Market structure watchers have witnessed the share of off-exchange trading steadily increasing over the past few years. Whether a function of meme-stock related spikes, permanently higher levels of retail participation in our markets, the warping effects of very low (or high) priced shares, or increasing innovation in the ATS space, the ratio of off-exchange volume to total has continued it’s march ever higher. Have we truly crossed over to the ‘dark side’?”

Read the full article on tradersmagazine.com