Although I knew what they were, I was never aware of being around them until potentially now with LWLG. How FINRA doesn’t create more rules around these is quite amazing. Follow the money I guess and you have your answer.
“The bulk of dark pool liquidity is created by block trades facilitated away from the central stock market exchanges and conducted by institutional investors (primarily investment banks).
Although they are legal, dark pools operate with little transparency; as a result, dark pools are oft-criticized by those in the finance industry who believe that these elements convey an unfair advantage to certain players in the stock market.
Some traders who employ strategies that are partially based on the liquidity of the market feel that information about dark pool liquidity should be made available to the public—and not kept private—in order to make the stock market fairer for all parties involved.
Understanding Dark Pool Liquidity
The dark pool gets its name because details of these trades are concealed from the public until after they are executed; these transactions are obscure like dark, murky water. Some traders who employ strategies that are partially based on the liquidity of the market feel that information about dark pool liquidity should be made available to the public—and not kept secret—in order to make the stock market more transparent for all parties involved.“
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