Nasdaq

3 months agoNews Editor

Nasdaq reaches deal to acquire dark pool operator LeveL Markets, Bloomberg reports

Nasdaq has reached an agreement to acquire dark pool trading platform LeveL Markets, according to Bloomberg. People familiar with the matter said Nasdaq will buy all of LeveL Markets' equity as it pushes deeper into stock-market trading infrastructure. The move fits into Nasdaq’s broader expansion beyond its roots as a stock exchange operator. In recent years, the company has repositioned itself as a wider market infrastructure provider spanning trading, market data, indexes, clearing, and financial technology services. Bloomberg said dark pools allow institutional investors to execute large stock trades without revealing order information publicly, helping reduce market impact and improve execution efficiency. The report also places the deal in a wider industry pattern, with trading venue operators using acquisitions of alternative trading systems, data services, and trading technology platforms to increase their reach across capital markets infrastructure as institutional demand rises and competition in equities intensifies.

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NYDIG

4 months agoNews Editor 01

NYDIG Says $1.3 Billion IBIT Dark Pool Block Points to Whale Paying $29.5 Million for a Fast Exit

NYDIG’s Greg Cipolaro said a $1.3 billion IBIT dark pool trade likely reflected a large holder urgently exiting a concentrated bitcoin-linked position, accepting a $29.5 million discount for immediate execution.

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Renegade

4 months agoNews Editor 01

Renegade Recovers $190K After Whitehat Returns Stolen Crypto

A whitehat hacker drained ~$209K from Renegade’s V1 Arbitrum dark pool but returned over 90% after a 10% bounty offer. The flaw originated from migration code that failed to assign a contract owner.

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Bitcoin

4 months agoNews Editor 01

TradeZero Launches Bitcoin Dark Pool with Former Tradehill Founder

TradeZero, a U.S. stock trading platform, partners with Bitcoin veteran Jered Kenna to offer a commission-free dark pool for large Bitcoin trades, with a minimum deposit of $10,000.

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TradeZero

4 months agoNews Editor 01

TradeZero Teams Up With Jered Kenna to Launch Commission-Free Bitcoin Dark Pool

TradeZero has announced a commission-free Bitcoin dark pool in partnership with Tradehill founder Jered Kenna, targeting larger investors seeking discreet execution and reduced market impact.

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Franklin

4 months agoNews Editor 01

Deep Dive into Franklin (FLY): The Liquidity Revolution Behind Black Ocean's Dark Pool and Full Circulation

Explore Franklin (FLY) token and its Black Ocean dark pool platform incubated by VRM. Key data: fully circulating supply of 1.69B, all-time high of $0.6. Analyzes differential impacts on institutional vs retail investors.

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Index Inclusion

5 months agoNews Editor

Decoding SpaceX SPCX Index Inclusion: How Billions in Passive Funds Quietly Execute via Dark Pools and Derivatives

This article demystifies the actual capital flows behind SpaceX ($SPCX) being added to the Russell US Index and Nasdaq 100. Contrary to retail investors' expectation of a massive surge on the effective date (July 6), hundreds of billions in passive funds are not buying all at once. The piece details the Russell's MOC (Market-On-Close) mechanism, Nasdaq 100's 10-day front-running window, the scarcity of free float triggering off-exchange block trades and total return swaps, and provides retail strategies such as using options volatility selling. The key takeaway: real buying occurs in dark pools invisible to retail charts, making chasing the effective day highly risky.

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SpaceX

5 months agoNews Editor

SpaceX Index Inclusion: How Billions in Passive Capital Really Buys Without Moving the Market

This article provides a deep-dive analysis into how hundreds of billions of dollars in passive funds actually purchase SpaceX ($SPCX) upon its inclusion into the Russell US Index and Nasdaq 100. It debunks the retail fantasy of a single massive buy order on the effective date, explaining the reality of multiple fund managers using MOC orders, off-exchange block trades, and total return swaps to minimize tracking error. The article details the two distinct timelines for Russell (same-day effective via closing auction) and Nasdaq 100 (10-day window with arbitrageurs, front-runners, and rigid index funds). It highlights the severe free-float shortage (only 10-15% tradable) and how institutions bypass the public market via dark pools and derivative agreements. Finally, it offers three retail strategies: chasing momentum, waiting for the dust to settle, and selling options to capture volatility premium. The core message is that the real action happens invisible to retail traders.

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Bit.Fan