Yes, dark pool trading is legal. It refers to the private trading platforms where large institutional investors can trade securities anonymously.
From investopedia: "A slang term that refers to the trading volume created from institutional orders, which are unavailable to the public. The bulk of dark pool liquidity is represented by block trades facilitated away from the central exchanges". Basically, it is trading volume by institutional (big) players in the market, and it is not tracked (for public disclosure).
"Algorithmic trading is a trading system which utilizes complex mathematical models, called algorithms, to allow large institutional investors to purchase many stocks with as little effect on the stock prices and purchasing costs as possible."
The main service provided at Morgans Stanely is institutional services. You can have trading and market making services towards the clients for sharing sales.
What is institutional advertising
what is institutional housekeeping?
what is institutional deterrents
institutional
Basket trading involves buying or selling a group of securities simultaneously as a single order. This approach allows investors to diversify their portfolio, hedge against risk, or take advantage of market opportunities efficiently. Basket trading is commonly used by institutional investors and hedge funds to manage large and complex investment strategies.
How do institutional and non-institutional pharmacy settings differ? Institutional pharmacies operate in institutions, whereas non-institutional pharmacies operate outside of institutions.
what is the institutional environment?
what are the uses of institutional promotion?