Dark pool: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Link with MiFID page.) |
imported>Doug Williamson (Add links.) |
||
| Line 13: | Line 13: | ||
*[[Broker crossing network]] | *[[Broker crossing network]] | ||
*[[MiFID]] | *[[MiFID]] | ||
* [[Multilateral trading facility]] (MTF) | |||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Latest revision as of 20:44, 26 June 2022
Dark pools are trading systems where there is no pre-trade transparency of orders in the system (ie there is no display of prices or volumes of orders in the system).
Dark pools can be split into two types:
- Systems such as broker crossing networks that are not subject to pre-trade transparency requirements.
- Trading venues such as regulated markets and MTFs that use waivers from pre-trade transparency not to display orders.
Some definitions of 'dark pool' exclude broker crossing networks and the like (1. above) and restrict the definition to the second type (2. above).
