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Hidden Liquidity

A source of market liquidity that is created through dark pools (dark liquidity pools) or black pools (black liquidity pools)....

Nondisplayed Exchange

An exchange (venue) in which offers to trade are not disclosed to the public. Orders can be invisibly transmitted (and...

Nondisplayed Market

A market in which offers to trade are not disclosed to the public. Orders can be invisibly transmitted (and hence...

Nondisplayed Liquidity

A source of market liquidity that is created through dark pools (dark liquidity pools) or black pools (black liquidity pools)....