%0 Journal Article %A Stuart Baden Powell %T Efficient Market Hypothesis in Modern Day Equity Secondary Markets: Are Dark Pools a Reflection or Refraction of Wider European Equity Market Structure? %D 2009 %R 10.3905/JOT.2010.5.1.035 %J The Journal of Trading %P 35-39 %V 5 %N 1 %X Two topics have come under significant debate of late by two connected, but less than interconnected, sectors of the same community. The Efficient Market Hypothesis has struggled almost to the point of persecution by chief investment officers, portfolio managers, analysts and journalists alike. Dark pools, particularly in Europe, have been questioned but have not suffered and are widely deemed as a growing market for equity trading by buy-side dealers, hedge funds, sell-side traders, and electronic trading houses. Rarely do the two topics interact. This article steps across the divide, questions how inter-related the two are, and highlights the need, and perhaps reliance, of each to find their place in modern-day, quantitative-driven equity markets.TOPICS: Exchanges/markets/clearinghouses, statistical methods, equity portfolio management %U https://jot.pm-research.com/content/iijtrade/5/1/35.full.pdf