Darkpools.

I just googled ‘Dark pool’ and did a quick read.

This is an old practise and far from sinister as may have been implied. When I was in stockbroking the practise was known as making an ‘agency-cross’, or a ‘matched bargain’ ie you had a buyer and seller of stock XYZ and matched them (don’t know if the broker kept the spread, though).

As mentioned in the google article, this is cheaper than trading through the exchanges. However, the lack of transparency could be a double-edged sword; while anonymity may be advantageous, if something is amiss there has to be a case for public disclosure.

NT,

I haven’t checked the price Glazer paid for his stakes but I suspect it would have been at a premium. Given his history, I doubt McManus and Magnier would have settled for less – I’m sure there was a Russian oligarch or two waiting to step in should he have failed.


Grant.

I've got a lot of experience. Take that how you like

But I am willing to post my numerous mistakes for others not to follow

Split

Thanks Alex.

Very interesting article.

Thanks for the input guys. I guess darkpools are not the sinnister and underhand shadow of the markets that i first thought they were. Then again, if there was anything untoward in the nature of darkpools i'm sure they would not be advertised all over the internet? Food for thought though, at least.

Thanks.