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Censored Exploration and the Dark Pool Problem
![[article image]](/system/assets/0000/2763/042010_Flickr_Censored-Exploration.large.jpg?1271685792&1271685791 "dark pool")
Credit: Flickr.com
The success and proliferation of dark pool stock exchanges have created challenging and interesting problems in algorithmic trading—in particular, the problem of optimizing the allocation of a large trade over multiple competing dark pools.
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