3 ms·

It's by definition insider trading. If they made the trades in public the market price would change to reflect the demand. They don't want that to happen, the

by ajross 2y ago

It's by definition insider trading. If they made the trades in public the market price would change to reflect the demand. They don't want that to happen, they want the trade to happen at a non-market price set by people with information about the deal.

ikmckenz 2y ago
No, "I am XYZ hedge fund and I want to buy stock ABC" is not material non-public information to XYZ hedge fund. If it was, any buying or selling of stocks would always be illegal, since you would be "insider trading" on your desire to buy the stock.
- deleted 2y ago
  [deleted]
gruez 2y ago
The "insider" in "insider trading" refers to trading on privileged nonpublic information, not arranging the trades in a private venue.
- deleted 2y ago
  [deleted]
oangemangut 2y ago
Even in dark pools the trades have to happen within the NBBO, they can't just trade at whatever price they want.