4 ms·

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

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.

jjtheblunt 3y ago
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.
- jjtheblunt 3y ago
  Pertinent: https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp https://www.investopedia.com/articles/markets/050614/introdu...
scott00 3y ago
Dark pool trades are reported to the FINRA TRF within at most 10 seconds and appear on the consolidated market data feed.
nabla9 3y ago
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/ https://chartexchange.com/symbol/nyse-brk.a/exchange-volume/
- qwytw 3y ago
  > 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?
  - nabla9 3y ago
    For you and me it offers an opportunity to lose money.
- zie 3y ago
  They still show up in the market price, even if they are traded off exchange.
  - nabla9 3y ago
    afterwards. Order book is hidden before trade.
    - deleted 3y ago
      [deleted]
    - zie 3y ago
      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.
qwytw 3y ago
> 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.

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.

jjtheblunt 3y ago

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.

jjtheblunt 3y ago
Pertinent: https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp https://www.investopedia.com/articles/markets/050614/introdu...

scott00 3y ago

Dark pool trades are reported to the FINRA TRF within at most 10 seconds and appear on the consolidated market data feed.

nabla9 3y ago

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

qwytw 3y ago
> 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?
- nabla9 3y ago
  For you and me it offers an opportunity to lose money.
zie 3y ago
They still show up in the market price, even if they are traded off exchange.
- nabla9 3y ago
  afterwards. Order book is hidden before trade.
  - deleted 3y ago
    [deleted]
  - zie 3y ago
    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.

qwytw 3y ago

> 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.