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.