InvestorsHub Logo
Followers 34
Posts 13821
Boards Moderated 0
Alias Born 12/31/2010

Re: kanola post# 114575

Friday, 04/20/2018 7:52:57 AM

Friday, April 20, 2018 7:52:57 AM

Post# of 116862
Found this on another site. There are those that say NSS is fake .
Now we have dark pools where each side of the trade are anonymous and also the newest scam " ping pools where a scammer does the scamming to play both sides of the trade. And this happens on REGULATED markets as well as the OTC where there is ZERO oversight.
Not that any of this is a surprise , but to those that claim the market professionals are all honest is more bullshit ...





Trader VIP Clubs, ‘Ping Pools’ Take Dark Trades to New Level

By Annie Massa
January 16, 2018, 5:00 AM EST



First came dark pools, private trading venues that challenged old-school stock exchanges.

Now something else lingers in the shadows of Wall Street: ping pools.

They also operate outside traditional stock exchanges, but these venues, which are gaining users in changing markets, are more opaque for the public. Running them allows some of the fastest, savviest electronic traders to dodge exchange fees and reap plum opportunities.

Unlike public markets such as the New York Stock Exchange, where investors of all stripes trade, ping pools operate like VIP parties.

Dark pools are anonymous and include many different types of investment companies. Once an order is completed, neither party knows who is on the other side. In a ping pool, however, there’s only one counterparty: the company operating it, which uses its own money to make trades happen.

For the VIPs, ping pools can mean better prices and privacy. For the rest of the world, the arrangement raises questions about transparency.

more at:

https://www.bloomberg.com/view/articles/2018-01-18/ping-pools-permabears-and-the-patriots-path



Report TOS

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.