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RE: Do we need a Dark Pool in our Platform? :)
Hmmm. Well I understand the reasoning behind these 'arranged' trades, but to not make them public, I am not sure about that 'here' :)
Good to see some content from you!
It is a standard procedure to settle trades in any financial market these days. As we mature, I am sure one of our smart people will design it. This is not a secret or anything. Most likely you as a investor use a dark pool too. Barklays Capital on the UK side are big into it.
Also blockchain is transparent, once the trade is complete it will be public obviously. It just during it is not public, the order book is not public..... therefore dark :) It's a cool thing, you use it whenever you trade likely, you just don't know that you use it.
How come you are awake? Its 5:30AM man! Are you training for a Marathon?
:)
This is the point I missed :)
In stocks trading, is this called an 'Iceberg'? A trade at an agreed price is being filled, and when complete becomes public?
My sleep is not great at present, and as it is the weekend I chose to get up instead of trying for a little longer. No marathons these days, my legs could not cope :)
Iceberg orders are bit different. They are typically a cool method. It is actually a dark pool order but displayed on a public exchange, but at a fraction of its original size (therefore, "iceberg"). So technically, they are not completely dark. They are really cool tools to set traps or test water :)
I see. An iceberg has tested the water of a few famous ships...
There are some interesting quirks to the trading game - seems you need to know more than what is visible to compete at the top :)
Absolutely, and in modern times even the average Joe can access lot of these advanced order tools, not that it makes you job any easier, but makes of flex your muscles :)
I prefer average Joe over uncle Sam :)