What are the characteristics of dark trading?

In the stock market, there are open transactions and secret transactions. Dark trading does not go through the exchange system, but through the internal systems set up by some big brokers. Since A-shares do not have a dark trading system for new shares, there are only a handful of brokers providing dark trading functions in the market. So, what are the characteristics of dark trading?

What are the characteristics of dark trading?

1 Dark trading is more frequent, and dark trading in IPO is more common.

When the new shares are listed, the number of shares offered to the public is less than the market demand, and the subscription qualification will be carried out by lottery.

Only the new shares listed on the main board have dark market, and the stocks listed on the GEM have not been connected to dark market trading for the time being.

4 Not all Hong Kong stock brokers have the dark trading function, and now most brokers are also accessing the dark trading system of Huili Securities.