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The article is all over the place, but at that point he's talking about trades that happen in an exchange, and therefore become public information. It's not abo
by nandemo 17y ago
The article is all over the place, but at that point he's talking about trades that happen in an exchange, and therefore become public information. It's not about repos -- which tend to be both private and take at least one day to be closed -- it's about stuff like wash trades, which happen intraday and might actually influence the market.
http://en.wikipedia.org/wiki/Wash_trade http://en.wikipedia.org/wiki/Wash_trade
- yummyfajitas 17y agoA dark pool is an exchange which does not report most trades. The purpose is so that large institutional investors can buy large blocks of stocks without people attempting to cash in. When you place orders on a dark pool, they are either filled or not filled. You are not told about the trades of others. If a simultaneous buy/sell order is placed, nothing happens. But you are right that ICE doesn't appear to be a dark pool. I'm really not sure what the article is talking about.