RT Journal Article SR Electronic T1 In Search of a Better Market JF Trading FD Institutional Investor Journals SP 54 OP 55 VO 2011 IS 1 A1 Seth Merrin YR 2011 UL http://guides.pm-research.com/content/2011/1/54.abstract AB As exchanges around the world look to merge and consolidate, the structure of the overall global equities marketplace continues to be flawed for institutional investors. But there is a new structure emerging that provides for institutions to trade among themselves in a safe and efficient institutional venue alongside the retail market, without the information leakage and competing interests generally found when executing directly on exchanges.