Nanex ~ 13-Nov-2012 ~ Hiding in the Dark (Pools)
On November 13, 2012, just seconds before market close, about 600,000 shares traded
in the stock of Western Asset High Income Fund (symbol HIX). Approximately half of these
shares executed on the lit exchanges, and half on dark pools. It appears as if aggressive
sell orders executed on the lit markets, and aggressive buy orders executed in the dark
pools. However, since dark pools often delay sending trade reports (they
have up to 90 seconds!), it is very difficult to determine whether
trades executed in the dark pools were from aggressive buying or selling.
Click Start/Stop to run a slide show of all 24 images. Or click Prev/Next to step through them one
at a time.