The Market’s Blindfold: Understanding Dark Pools, Hidden Venues, and Information Asymmetry
About half of US share volume now trades away from the exchanges, in dark pools, wholesalers and dealer platforms, and reaches the tape only as prints after the fact. Where trades happen, how they're reported, what your chart's volume leaves out, who sees what first, and two dark pools that didn't work as advertised.
SFSayed Hamid Fatimi
20 min read