Content What is the difference between a crypto exchange and a brokerage? Electronic Market Maker Dark Pools FIX-compliant Dark Pool for Options Order Matching – Driving Force Behind Exchanges and Dark Pools As we have learned, the major difference is publicly visible trading vs private and anonymized trading. The benefits of dark pools cater to institutional investors and brokers, allowing them to execute large trades Initial exchange offering with minimal market impact. By allowing institutional investors to trade large blocks of securities without revealing their intentions to the broader market, dark pools help reduce the market impact of these trades. By setting up specific conditions that must be met before…