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Sunday 05 July 2026 13:36:13 GMT
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As an educational framework, OTC desks and dark pools allow large transactions to occur away from public order books, meaning exchange prices may not always reflect all market activity. When off-exchange liquidity becomes scarce, more demand can flow to public markets where price discovery is more visible. Understanding the relationship between hidden liquidity, exchange liquidity, and price discovery is a key market structure concept.
As an educational framework, OTC desks and dark pools allow large transactions to occur away from public order books, meaning exchange prices may not always reflect all market activity. When off-exchange liquidity becomes scarce, more demand can flow to public markets where price discovery is more visible. Understanding the relationship between hidden liquidity, exchange liquidity, and price discovery is a key market structure concept.
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