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A comment on Darker Than a Dark Pool? Welcome to Wall Street's 'Private Rooms'. Parent comment

Re:Darker Than a Dark Pool? Welcome to Wall Street's 'Privat... by shawabawa3 on Tuesday March 18, 2025 @06:40AM (#43397810)
He means every minute a single "opening trade" style trade happens and clears overlapping sections of the order book

This has the advantage of every trader getting the same price every minute. And racing against the clock has marginal utility

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Re:Darker Than a Dark Pool? Welcome to Wall Street's 'Privat... by JumpCrisscross on Tuesday March 18, 2025 @09:58AM (#43399471)
> racing against the clock has marginal utility

It has the same utility as in the opening cross, the most algorithmically-trafficked moments of trading after the closing cross. The last order can incorporate more information than an earlier one. Given the book is assembled transparently, that means an order submitted close to the deadline can “see” other orders in a way they couldn’t “see” it.

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Re:Darker Than a Dark Pool? Welcome to Wall Street's 'Privat... by sdwr on Tuesday March 18, 2025 @11:18AM (#43400481)
> blind one trade per-minute granularity

"Blind" meaning that no orders can "see" each other.

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