Rise of dark pools?

Quote from stock777:

Anyone know for sure WHEN the dark pool trades print to the tape?
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i have traded 3 different dark pools (millenium, Auto and Pipeline), with share sizes ranging from 100 to 100k and they all printed almost instantaneously in T&S's......the odd time when there is an overload on the system their might be a 30 second to minute delay but for the most part...they print instantly
 
Quote from madmunny:

i have traded 3 different dark pools (millenium, Auto and Pipeline), with share sizes ranging from 100 to 100k and they all printed almost instantaneously in T&S's......the odd time when there is an overload on the system their might be a 30 second to minute delay but for the most part...they print instantly
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thank you for taking the time to let us know that...

appreciate your input...

also

follow up question.. for the large block shares that you traded thru the pools were they algo sliced or pushed thru as just large blocks...

cj...
 
Quote from Don Bright:

At this point, our traders can access these pools via our smart order router and/or the ATS. We clear with Goldman (for those who dont' know us), and this ability has actually been helpful, although not to any extreme at this point, not detrimental in any way that we can determine (to date).

A lot of these trades that seem to "away from the market" have taken place for years, just posted "As Of" and put in somewhere between that day's stock price range.
We'll all have to wait and see.

Things change, we'll have to adapt, but so far no negatives that I have seen.

Don
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Is everything a sales call with you.
 
Quote from EdgeHunter:

thank you for taking the time to let us know that...

appreciate your input...

also

follow up question.. for the large block shares that you traded thru the pools were they algo sliced or pushed thru as just large blocks...

cj...
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Pipeline prints in giant blocks at the mid point. minimum size is 10k/25k/100k depending on the stock.

miln and auto like to slice and dice a lot, although very rarely there are larger blocks that print.

cheers!

- mnx
 
Quote from mnx:

Pipeline prints in giant blocks at the mid point. minimum size is 10k/25k/100k depending on the stock.
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Where do listed NYSE stocks print that are "matched"? I recall POSIT used to print in the 3rd like a Jeffrey's trade. It appears that no institutional trader's read this forum by the responses!

el surdo
 
Quote from mnx:

Pipeline prints in giant blocks at the mid point. minimum size is 10k/25k/100k depending on the stock.

miln and auto like to slice and dice a lot, although very rarely there are larger blocks that print.

cheers!

- mnx
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Curious as to how small the slicing typically gets down to... (as an indicator of how much smaller size activity has gone dark)
 
Quote from rayl:

Curious as to how small the slicing typically gets down to... (as an indicator of how much smaller size activity has gone dark)
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i have had orders of 10k go through as big as all 10k at once to getting filled all as 100's......more often than not the orders are filled in either one big chunk or two halves......but a small percentage of the time the orders can be filled in many many smaller chunks
 
Quote from QuoteT_Brent:

This article may be of interest (more of a primer on algos, dps):
http://www.reuters.com/article/bankingfinancial-SP-A/idUSN2139129320070604?pageNumber=1

Brent
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It's interesting -- especially the bit about programs probing with small trades... bec I know I've had orders posted way outside the market hit with tiny fills. Not sure if those are algos on the other side or not. (Though I've had this happen w/small odd lot trades and I believe most exchanges and ECNs prohibit non-bonafide odd lot trades with mandatory surveillance by brokers.)
 
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