If the prices of the order in a dark pool aren't stated , then how can the buyer /seller knows how much they need to pay /how much they will receive? Is there any market makers telling them how much they need to pay/ how much they will receive?
A dark pool is the privately organized financial forums where the trade of financial securities can happen bypassing the exchange. There are three types of dark pools:
Broker-Dealer owned which are managed by brokers and they maintain their own order flow from where the price discovery is done.
Agency-Broker owned are managed by agencies that lack transparency hence the price discovery doesn't happen and it is quoted by the agency itself.
Electronic Market Makers dark pool is managed by individual operators which also lacks price discovery and clients know through them about the price of the trade.
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