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A comment on Charlie Munger has died. Parent comment

Re:Charlie Munger has died by bboygravity on Tuesday November 28, 2023 @04:20PM (#38451479)
Most of the trades in that stock have been routed through dark pools (they don't hit lit exchanges), so even if there are (huge) trades you wouldn't necessarily see the price move.
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Re:Charlie Munger has died by qwytw on Tuesday November 28, 2023 @05:00PM (#38451950)
> so even if there are (huge) trades you wouldn't necessarily see the price move.

So you're saying there is an arbitrage opportunity and you can literally make free money? Because that doesen't make much sense..

You might not see all the trades immediately, but they are still reflected in the price with minimal delay.

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Re:Charlie Munger has died by scott00 on Tuesday November 28, 2023 @04:39PM (#38451674)
Dark pool trades are reported to the FINRA TRF within at most 10 seconds and appear on the consolidated market data feed.
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Re:Charlie Munger has died by jjtheblunt on Tuesday November 28, 2023 @04:28PM (#38451546)
Do you have a citation with statistics for this?

I don’t know if it’s right or wrong but regardless, it’s extremely interesting as far as assertions go.

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Re:Charlie Munger has died by jjtheblunt on Tuesday November 28, 2023 @05:26PM (#38452290)
Pertinent: https://www.investopedia.com/articles/markets/050614/introdu...
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Re:Charlie Munger has died by nabla9 on Tuesday November 28, 2023 @04:42PM (#38451709)
bboygravity is right.

>BRK.A Off Exchange & Dark Pool Summary

>Today's Off Exchange & Dark Pool volume is 6,792, which is 98.11% of today's total volume. Today's Lit volume is 131, which is 1.89%. Over the past 30 days, the average Off Exchange & Dark Pool volume has been 97.51%. The average Lit volume has been 2.49%.

https://chartexchange.com/symbol/nyse-brk.a/exchange-volume/

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Re:Charlie Munger has died by qwytw on Tuesday November 28, 2023 @05:03PM (#38451994)
> bboygravity is right.

So you're saying I (or whoever) can can buy shares for less in one of the "dark pools" and sell them on the market and make free money?

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Re:Charlie Munger has died by nabla9 on Tuesday November 28, 2023 @06:28PM (#38453102)
For you and me it offers an opportunity to lose money.
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Re:Charlie Munger has died by zie on Tuesday November 28, 2023 @05:40PM (#38452497)
They still show up in the market price, even if they are traded off exchange.
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Re:Charlie Munger has died by nabla9 on Tuesday November 28, 2023 @06:29PM (#38453110)
afterwards. Order book is hidden before trade.
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Re:Charlie Munger has died by zie on Wednesday November 29, 2023 @11:51AM (#38461817)
Obviously, how could they report a trade that hasn't happened yet?

It doesn't matter if the trade happens on or off book, it all gets reported nearly instantly anyway.

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