--- title: BlackRock Trading Chief Questions Wisdom of More Stock Markets description: BlackRock Trading Chief Questions Wisdom of More Stock Markets --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/blackrock-trading-chief-questions-wisdom-stock-markets#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Fixed Income](https://articles.marketsmedia.com/tag/fixed-income) - Fixed Income - BlackRock Trading Chief Questions Wisdom of More Stock Markets Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/blackrock-trading-chief-questions-wisdom-stock-markets#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 06.09.2016 By John D'Antona Fixed Income # BlackRock Trading Chief Questions Wisdom of More Stock Markets 06.09.2016 By John D'Antona [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/blackrock-trading-chief-questions-wisdom-stock-markets) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/blackrock-trading-chief-questions-wisdom-stock-markets) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/blackrock-trading-chief-questions-wisdom-stock-markets) *This article first appeared in Bloomberg Technology* The U.S. stock market is already spread across dozens of trading venues, so attempts to open more don’t make sense, said Richard Prager, head of trading, liquidity and investments at BlackRock Inc. “I struggle with the basic concept of how does another venue help?” Prager said in a Bloomberg Television interview Wednesday. “We need to bring the pendulum back.” He spoke as IEX Group Inc. awaits word from regulators on whether it can open the 13th U.S. stock exchange. Prager declined to comment specifically on IEX, whose quest to make markets more fair was documented in Michael Lewis’s “Flash Boys.” Despite the shortcomings in today’s stock market, Prager said the bond market should increasingly model itself on it. That includes having more all-to-all venues, or places where all constituents — including investors and brokers — can come together to buy and sell. Currently, much of the market is segregated, with gatekeepers keeping certain groups out. “I hope they’re looking at the equity market,” Prager said. However, “It’s not going to go there 100 percent.” BlackRock made a splash in 2014 by arguing that the corporate bond market is “[broken](http://www.bloomberg.com/news/articles/2014-09-23/blackrock-urges-changes-in-broken-corporate-bond-market-i0epskuq).” Earlier Wednesday, a group of investors, though not BlackRock, [issued a mission statement](http://www.bloomberg.com/news/articles/2016-06-08/bond-market-frustrations-revealed-in-investor-mission-statement) documenting how they’d like the bond market to evolve.   [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/blackrock-trading-chief-questions-wisdom-stock-markets) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/blackrock-trading-chief-questions-wisdom-stock-markets) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/blackrock-trading-chief-questions-wisdom-stock-markets) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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