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That is NOT Dark Pool, it is all transactions handled at a broker dealer level, so in that case 135,295 shares were transacted directly by an OTC Broker Dealer to complete 33 trades for brokers. One should read FINRA 4552 and all related material before making a bad conclusion.

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Another illuminating post from a knowledgeable expert. He once again humiliates the "nutter" conspiracy wacko crowd, who's sanity (and language processing skills) eludes them:

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BigBake1 Tuesday, June 24, 2014 5:09:01 PM


That is NOT Dark Pool, it is all transactions handled at a broker dealer level, so in that case 135,295 shares were transacted directly by an OTC Broker Dealer to complete 33 trades for brokers. One should read FINRA 4552 and all related material before making a bad conclusion.


In the week of May 12th, a total volume sold of 213,961 shares, of that 135,295 shares were sold in 33 transactions by Broker Dealers.

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must report a trade involving TRACE eligible securities to TRACE under Rule 6730(a).13 A "party to a transaction" is defined as "an introducing broker-dealer, if any, an executing broker-dealer, or a customer."


FINRA is just including every order placed through TRACE as a cover all. This is important on exchanges because most orders are routed through the exchange itself, while actual Dark Pool orders are routed through OTC broker Dealers on exchanges. The OTC Markets however is a two tier system, the first tier are the brokers, the second being broker dealers.

None of which has to do with a MANUAL SETTLEMENT process of Ex Clearing, as JBII is in fact in CNS and therefore is not designated as Trade for Trade to qualify for ex clearing.

sorry to kill the momentary glee....

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