What Is 'Print Size' and Why Is It a Concern for Institutional Traders Using Dark Pools? ▴ Learn

What Is ‘Print Size’ and Why Is It a Concern for Institutional Traders Using Dark Pools?

'Print size' refers to the size of the executed trade that is publicly reported. For institutional traders, the concern is that a large print size from a dark pool execution, even though the trade was anonymous, can reveal the presence of a large buyer or seller.

This post-trade transparency can still lead to 'information leakage' and market impact, as other participants can infer the trader's strategy and adjust their own trading accordingly.

Are There Regulatory Differences in Reporting Requirements for Trades Executed via Iceberg Orders versus in Dark Pools?

Why Would a Trader Choose a Public Iceberg Order over a Completely Hidden Dark Pool Trade?

How Does the Transparency of an RFQ System Compare to a Dark Pool?

Explain the Concept of “Information Leakage” in Relation to Large Order Execution