Stealth dark pool orders on Mt. Gox, Bitstamp, and BTC-E

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: brunner on July 16, 2013, 11:36:21 AM

Folks,

The trading platform that TruCoin is launching today allows users to place stealth dark pool orders on all of the major exchanges. The stealth orders are hidden from the public until the order executes. So, they don't show up in any of the public market depth tables or charts.

I can discretely place large orders now without affecting the market!

Thoughts?

Are these stealth dark pools darker than normal nonstealth dark pools? Have you seen here?

dexX7

legendary

Activity: 1106

Merit: 1024

Quote from: qxzn on July 18, 2013, 06:37:19 PM

Unless the order is actually sitting there on mtgox's book, the only way I can think to implement this is to wait until the book crosses the "dark" order, and then send a real order to mtgox.

First thing that came into my mind, too. I'm still wondering...

So it's a "if price is x, place order" bot, correct?

qxzn

hero member

Activity: 609

Merit: 505

Quote from: Moneymaker1990 on July 18, 2013, 05:23:36 PM

Quote from: qxzn on July 18, 2013, 05:21:22 PM

Quote from: brunner on July 16, 2013, 11:36:21 AM

Folks,

The trading platform that TruCoin is launching today allows users to place stealth dark pool orders on all of the major exchanges. The stealth orders are hidden from the public until the order executes. So, they don't show up in any of the public market depth tables or charts.

I can discretely place large orders now without affecting the market!

Thoughts?

How does Trucoin place an order on the mtgox book without it appearing in the public depth table?

Trade secret Obv

I should have been snarkier. I think this is a pixie dust idea. Unless the order is actually sitting there on mtgox's book, the only way I can think to implement this is to wait until the book crosses the "dark" order, and then send a real order to mtgox.

The problem with this approach is that you aren't guaranteed to get a fill if a trade happens through your price, the way you are if your order is actually on gox.

There's no way I would use this feature unless Trucoin explains a bit more about what's going on.

zeroblock

full member

Activity: 238

Merit: 100

Quote from: Moneymaker1990 on July 18, 2013, 05:23:36 PM

Quote from: qxzn on July 18, 2013, 05:21:22 PM

Quote from: brunner on July 16, 2013, 11:36:21 AM

Folks,

The trading platform that TruCoin is launching today allows users to place stealth dark pool orders on all of the major exchanges. The stealth orders are hidden from the public until the order executes. So, they don't show up in any of the public market depth tables or charts.

I can discretely place large orders now without affecting the market!

Thoughts?

How does Trucoin place an order on the mtgox book without it appearing in the public depth table?

Trade secret Obv

It will just be listed on their platform order book. Won't show up in Gox's order book.

Moneymaker1990

newbie

Activity: 14

Merit: 0

Quote from: qxzn on July 18, 2013, 05:21:22 PM

Quote from: brunner on July 16, 2013, 11:36:21 AM

Folks,

The trading platform that TruCoin is launching today allows users to place stealth dark pool orders on all of the major exchanges. The stealth orders are hidden from the public until the order executes. So, they don't show up in any of the public market depth tables or charts.

I can discretely place large orders now without affecting the market!

Thoughts?

How does Trucoin place an order on the mtgox book without it appearing in the public depth table?

Trade secret Obv

qxzn

hero member

Activity: 609

Merit: 505

Quote from: brunner on July 16, 2013, 11:36:21 AM

Folks,

The trading platform that TruCoin is launching today allows users to place stealth dark pool orders on all of the major exchanges. The stealth orders are hidden from the public until the order executes. So, they don't show up in any of the public market depth tables or charts.

I can discretely place large orders now without affecting the market!

Thoughts?

How does Trucoin place an order on the mtgox book without it appearing in the public depth table?

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Quote from: mccoyspace on July 16, 2013, 03:03:17 PM

i got that.
one exchange already does it (campbx)
one meta exchange does it for large orders on bitstamp (bitfinex)
a new meta exchange looks like it will allow it on 3 exchanges (trucoin).
sounds good.
we'll see how it goes for them.

I don't think truecoin is similiar to bitfinex though, you would be using API keys to control your 3 individual trading accounts.

mccoyspace

full member

Activity: 237

Merit: 101

i got that.
one exchange already does it (campbx)
one meta exchange does it for large orders on bitstamp (bitfinex)
a new meta exchange looks like it will allow it on 3 exchanges (trucoin).
sounds good.
we'll see how it goes for them.

brunner

newbie

Activity: 14

Merit: 0

Quote from: mccoyspace on July 16, 2013, 02:36:59 PM

fyi
campbx has dark pool orders on their exchange. bitfinex has dark pool orders on their exchange and on bitstamp, but only for large (500+ coins) orders.

Yes, but this allows you to place dark pool orders on Mt. Gox, Bitstamp, and BTC-E, and any other exchanges they add support for, regardless of whether or not the underlying exchanges natively support that functionality. This is also for orders of any size, not just for large orders.

mccoyspace

full member

Activity: 237

Merit: 101

fyi
campbx has dark pool orders on their exchange. bitfinex has dark pool orders on their exchange and on bitstamp, but only for large (500+ coins) orders.

brunner

newbie

Activity: 14

Merit: 0

Quote from: Serge on July 16, 2013, 12:21:07 PM

any automated trading system capable of the same thing.

Do you mean homebrew software? I wasn't aware of anything available to the general public that was capable of this.

Serge

legendary

Activity: 1050

Merit: 1000

any automated trading system capable of the same thing.

brunner

newbie

Activity: 14

Merit: 0

Folks,

The trading platform that TruCoin is launching today allows users to place stealth dark pool orders on all of the major exchanges. The stealth orders are hidden from the public until the order executes. So, they don't show up in any of the public market depth tables or charts.

I can discretely place large orders now without affecting the market!

Thoughts?

Topic: Stealth dark pool orders on Mt. Gox, Bitstamp, and BTC-E (Read 1991 times)