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I don't quite understand this - are these "rooms" where ownership of shares is tracked separately to how an exchange tracks them? E.g. I own 80% of a company, a
by robertlagrant 2y ago
I don't quite understand this - are these "rooms" where ownership of shares is tracked separately to how an exchange tracks them? E.g. I own 80% of a company, and I keep the official ownership, but let people buy them from me and from each other, but I keep the record of who owns them?
- infecto 2y agoIt's simply a mechanism to allow trades to happen outside of the lit market, not much to do with ownership tracking. The DTCC still "owns" the shares and the brokers are keeping track of individual ownership. There may be a clearing house to facilitate trades between brokers. Dark pools are available to retail traders via some brokers but of course most are not that easy to get into. Its really no different than trading on the open market but there is less available information.