Re:Darker Than a Dark Pool? Welcome to Wall Street's 'Privat...
by goodcanadian on Tuesday March 18, 2025 @04:03AM
(#43396759)
If I am not mistaken, the trade still has to be reported after the fact. What they are avoiding is leaking signals about what they want to trade before the trade occurs.
Re:Darker Than a Dark Pool? Welcome to Wall Street's 'Privat...
by lucianbr on Tuesday March 18, 2025 @07:08AM
(#43397996)
Let's assume you are right. If two parties trade a large amount of shares at the public price, how is HFT going to interfere if the trade took place in public?
Re:Darker Than a Dark Pool? Welcome to Wall Street's 'Privat...
by infecto on Tuesday March 18, 2025 @08:09AM
(#43398436)
1) Dark pools are not as secretive as folks in this thread think they are.
2) Those trades are happening at the public price. Its not too often that the dark pool trades will happen outside of the NBBO and usually those exclusions happen for very large block trades.
3) Most (all?) pools are reporting to FINRA by closing some may even report sooner after the trade.
So I am not sure what your question is as the data is fairly public already.
The idea instead is that in a dark room, you can trade large amounts of shares without HFT interference. They'll probably be trading pretty much at the public price, just without sending all kinds of information about the fact that they traded into the world.