The order type for stealth and execution speed. An indicator of urgency.See How Sweeps Are Uncovered.
Privately negotiated option block trades. Substantial in size.See How Blocks Are Tracked.
Large equity block trades across lit(public) and dark(private) exchanges.Shine Light on the Darkpool
When the time is right, they make their move. They enter with urgency while staying under the untrained radar by splitting large orders across multiple exchanges utilizing smart routing technology. Concealing their true size. Executing in microseconds.
Intermarket sweeps are smart routed orders that "sweep" multiple exchanges to fill large orders quickly. They print to the tape as multiple smaller orders, executing just microseconds apart. When they're tallied up, they often add up to major size.What better way to blend in?
Option block orders involve significantly large size. They are executed apart from the public auction market. Block trades were specifically designed for institutions and traders with major financial backing.
Darkpools are private exchanges designed to conceal institutional trading activity from the public as well as from high frequency trading algorithms. FlowAlgo alerts you when it spots activity in the darkpool providing you the order data for each order. Dark pool order data is commonly referred to as "Dark pool prints".
They often act as support or resistance levels when tested. You can use them as key price levels on any timeframe. The more prints on a given level, the greater it's significance becomes.Show Me.
Are they buying or selling? The answer is both. For every seller, there is a buyer and vice-versa so that doesn't necessarily matter. What does is the price action and behavior that follows after the transaction happens.
The purple line on the charts below indicates the price level where the "prints" or darkpool transaction(s) took place.
Obviously, this is a very simplified version of it. Dark pool prints are best used as an indicator alongside technicals and further data. They are only one part of the picture, and should not be used to form a trading decision on their own.
The data all hits your dashboard as it becomes available. You can also filter through intraday and historical data by multiple tickers and date ranges.
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