Lit market is one where orders are displayed on order books and therefore are pre-trade transparent.

 

On the contrary, orders in dark pools or dark orders are not pre-trade transparent.

 

This is the case for orders in broker crossing networks (Commission Staff Working Document Impact Assessment Accompanying the document Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to definitions, transparency, portfolio compression and supervisory measures on product intervention and positions {C(2016) 2860 final, 18.5.2016, p. 62).

 

 

 

 clip2   Links

 

 

 

Dark pool

 

Lit order, dark order

 

 

Cookies

We use cookies on our website to support technical features that enhance your user experience and help us improve our website. By continuing to use this website you accept our Privacy Policy.