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Wall Street Enters Darker Age With Most Stock Trading Hidden

hank
edited January 24 in Other Investing
It’s difficult to share / link stories having Bloomberg’s subscription app installed. But it’s sometimes possible to link reprints at Yahoo as I’ve done here.

“For the first time on record, the majority of all trading in US stocks is now consistently occurring outside the country’s exchanges, according to data compiled by Bloomberg. This off-exchange activity — which happens internally at major firms or in alternative platforms known as dark pools — is on course to account for a record 51.8% of traded volume in January. Barring an unexpected dip, it will be the fifth monthly record in a row, and the third month running that hidden trades make up more than half of all volume.”

Read at Yahoo Finance (Originally from Bloomberg)

Comments

  • MarkMark
    Did I miss the memo? I thought that any equity shares which are publicly traded in any exchange must be completely public and transparent. So are most of these alternative platform trades confined to non-listed equities? Are they pink sheet stuff, private equity, etc. or what? Whatever it is I'm sure it's totally legitimate wink-wink.
  • CrashCrash
    Is this what's meant by "blackbox," akin to what I've heard about the inner workings at Blackstone?
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