A dark pool is an alternative trading system (Definition 4.12) that displays no quotations: orders rest unseen and execute against each other at prices derived from the NBBO, most often its midpoint.
Quantitative Finance · Glossaire
Quantitative Finance · Glossaire
A dark pool is an alternative trading system (Definition 4.12) that displays no quotations: orders rest unseen and execute against each other at prices derived from the NBBO, most often its midpoint.