European stock traders place their blockbuster bets in the dark – Reuters
Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, “dark pools” that host blockbuster trades, are pulling in major money in Europe.
Their rise has been swift.
On June 24, 2016 – the day after the Brexit vote – just 3% of trades on the London Stock Exchange’s Turquoise shares platform were carried out in its dark pool via so-called block trades, mega-bets of around $800,000 or more.
Fast forward about four years to Nov. 9, 2020 – another momentous…
