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So FTX was just a bunch of institutional traders trading against each other? Sounds a lot like a dark pool.



> So FTX was just a bunch of institutional traders trading against each other? Sounds a lot like a dark pool.

A dark pool has nothing to do with who trades in it. As GME made famous, alot of GME retail orders got sent to dark pools to trade on.

What distinguishes a dark pool from a lit exchange is that orders are hidden and often trade at the midpoint(half penny) and not on the penny.

Who is on the exchange has nothing to do with dark vs lit.




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