How Does the Fee Structure Differ between a Dark Pool and a Public Exchange?

The fee structure in dark pools is often simpler and typically involves a low, fixed fee per share or a fee based on the value of the trade. Public exchanges, in contrast, often employ a "maker-taker" fee model, where liquidity providers ("makers") receive a rebate and liquidity takers ("takers") pay a fee.

Dark pools generally aim to provide a low-cost execution venue, especially for large orders, and their fee model is designed to incentivize institutional participation.