Secrecy [Jan 11, 2009]

Dark pools are electronic venues where funds can buy and sell blocks of shares without publishing bids or offers. The funds value the anonymity of the dark pools and the fact that trades are not public until after their execution. In that way, their orders do not push the price of the stock away from them.
Currently, they represent somewhere between 8 and 10 percent of the overall daily U.S. equity volumes, and that is growing fast.

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