Is there anybody used Lakebtc darkpool trade?

[jayjay00001]

Is there anybody used Lakebtc darkpool trade? How does it work and if it could  efficiently cut cost?

[1714960078]

1714960078

[1714960078]

1714960078

[1714960078]

1714960078

[1714960078]

1714960078

[1714960078]

1714960078

[Sophie.Greek]

Minimum order size is 50 BTC. https://www.lakebtc.com/p/2472?locale=en

It requires threshold of BTC50 at least, my God, I just be a novice of Bitcoin, I did not have so much.

[timtim363]

They are a chinese exchange.

[vigsun]

I have used it, and I know LakeBTC just due to 'dark pool'. Shipping quietly, nobody knows anything, it's great feeling!

[longder043]

can it effectively reduce the cost?

50BTC, it is too expensive to test it.

[TinaK]

Traded on Lakebtc for a period of time, but I have not experienced darkpool yet...  Despite I think it actually is no different with your normal trading

[GreenCoin22]

Firstly, it cant decrease your actual cost, any bulk deal mean the cost of per unit will cut, this is nothing to do with darkpool.

And how it works? Each "dadrkpool" is different effect, which is a few bits and pieces with LakeBTC's darkpool I found on the Internet with gg

http://cointelegraph.com/news/112112/a-ban-should-target-risky-products-and-foul-players-not-bitcoin-itself-lakebtc-ceo-thomas-xie

CT: You have recently rolled out dark pool trading. Could you explain what this tool does and how it benefits users?

TX: From time to time we have users who come in and want to either buy or sell in large amounts, say 200 BTC. If you simply place an order like that it will obviously drive price up and down a lot. Besides, a public order-book is available to arbitragers, pro traders and predators. With advanced trading algorithms and strategies, they may take advantages of the information and affect trading price quickly. One way around this is hide your intention by splitting it to a number of smaller orders and spend hours or even days to spit out all these tiny orders.

Obviously not everybody can afford the trouble and time. Another method is dark pool. Note that our version of dark pool is not identical to the dark pools run by investment banks in equity market. Ours is more like invisible orders, which get executed with all other orders together. So dark pool orders still get matched with everybody else, but in a stealth way. You hide your intention and hopefully the market price will be less volatile and every investor, big or small, is happy.

http://www.coindesk.com/bitcoin-brokers-trade-millions-without-exchange/

While many exchanges, including the current top exchange by volume, Bitstamp, offer stop-loss orders which can help mitigate slippage, one exchange has gone further. LakeBTC has released a ‘hidden’ orderbook feature that it calls its “darkpool”, designed to protect investors against ‘financial predators’ waiting to exploit the price distortions created by big trades.

LakeBTC’s darkpool works by hiding big trades of 50 BTC and up from the public order book. Although the rest of the market can’t see the trade, the exchange continues trying to fill it with outstanding orders on the market at the time, the firm’s communications director Lisa Li said,

[jay.latty]

Dark pool is a good way to  avoid trigger volatility and protect general traders.

[Mieehayii]

Dark pool is a good way to  avoid trigger volatility and protect general traders.

It is nothing, who can protect the planet when the extinction of dinosaurs?

[Nrcewker]

Just a gimmick, it's meaningless in fact.

[jayjay00001]

Just a gimmick, it's meaningless in fact.

it's not so simple, darkpool is widely used in stock trading. What I want to know is how to use darkpool in bitcoin trading.

[Brmaster]

Firstly, it cant decrease your actual cost, any bulk deal mean the cost of per unit will cut, this is nothing to do with darkpool.

And how it works? Each "dadrkpool" is different effect, which is a few bits and pieces with LakeBTC's darkpool I found on the Internet with gg

http://cointelegraph.com/news/112112/a-ban-should-target-risky-products-and-foul-players-not-bitcoin-itself-lakebtc-ceo-thomas-xie

CT: You have recently rolled out dark pool trading. Could you explain what this tool does and how it benefits users?

TX: From time to time we have users who come in and want to either buy or sell in large amounts, say 200 BTC. If you simply place an order like that it will obviously drive price up and down a lot. Besides, a public order-book is available to arbitragers, pro traders and predators. With advanced trading algorithms and strategies, they may take advantages of the information and affect trading price quickly. One way around this is hide your intention by splitting it to a number of smaller orders and spend hours or even days to spit out all these tiny orders.

Obviously not everybody can afford the trouble and time. Another method is dark pool. Note that our version of dark pool is not identical to the dark pools run by investment banks in equity market. Ours is more like invisible orders, which get executed with all other orders together. So dark pool orders still get matched with everybody else, but in a stealth way. You hide your intention and hopefully the market price will be less volatile and every investor, big or small, is happy.

http://www.coindesk.com/bitcoin-brokers-trade-millions-without-exchange/

While many exchanges, including the current top exchange by volume, Bitstamp, offer stop-loss orders which can help mitigate slippage, one exchange has gone further. LakeBTC has released a ‘hidden’ orderbook feature that it calls its “darkpool”, designed to protect investors against ‘financial predators’ waiting to exploit the price distortions created by big trades.

LakeBTC’s darkpool works by hiding big trades of 50 BTC and up from the public order book. Although the rest of the market can’t see the trade, the exchange continues trying to fill it with outstanding orders on the market at the time, the firm’s communications director Lisa Li said,

I still do not understand what is darkpool's advantage?

For now, the exchange is mor and mor transparent, confessed, whether are there darkpool the meaning of existence?

[Gine.Unnta]

Compared Laketrader, I think darkpool is not a meaningful feature for most users,
who would trading exceed BTC50 in one order everytime?

[apelike]

Just a gimmick, it's meaningless in fact.

Have you tried transacting with them?

[juggernut]

I heard about that. Never used it.

[jayjay00001]

Compared Laketrader, I think darkpool is not a meaningful feature for most users,
who would trading exceed BTC50 in one order everytime?

Indeed, it is more useful for professional investors.

[BTCjust]

They are a chinese exchange.

Yeah, I believe their major staff are chinese, but perhaps Lakebtc is owned by an American or a citizen in European

LakeBTC is currently owned by Lake Investments Limited (BVI), with Shanghai Trading IT, Inc. providing technical and customer support.
https://www.lakebtc.com/s/about?locale=en

Both Bitfinex' and ANX' companies are in Hong Kong, but their owners should not be in Hong Kong, just like Mark Karpeles is not a Japanese

[timtim363]

They are a chinese exchange.

Yeah, I believe their major staff are chinese, but perhaps Lakebtc is owned by an American or a citizen in European

LakeBTC is currently owned by Lake Investments Limited (BVI), with Shanghai Trading IT, Inc. providing technical and customer support.
https://www.lakebtc.com/s/about?locale=en

Both Bitfinex' and ANX' companies are in Hong Kong, but their owners should not be in Hong Kong, just like Mark Karpeles is not a Japanese

Interesting

[GreenCoin22]

Firstly, it cant decrease your actual cost, any bulk deal mean the cost of per unit will cut, this is nothing to do with darkpool.

And how it works? Each "dadrkpool" is different effect, which is a few bits and pieces with LakeBTC's darkpool I found on the Internet with gg

http://cointelegraph.com/news/112112/a-ban-should-target-risky-products-and-foul-players-not-bitcoin-itself-lakebtc-ceo-thomas-xie

CT: You have recently rolled out dark pool trading. Could you explain what this tool does and how it benefits users?

TX: From time to time we have users who come in and want to either buy or sell in large amounts, say 200 BTC. If you simply place an order like that it will obviously drive price up and down a lot. Besides, a public order-book is available to arbitragers, pro traders and predators. With advanced trading algorithms and strategies, they may take advantages of the information and affect trading price quickly. One way around this is hide your intention by splitting it to a number of smaller orders and spend hours or even days to spit out all these tiny orders.

Obviously not everybody can afford the trouble and time. Another method is dark pool. Note that our version of dark pool is not identical to the dark pools run by investment banks in equity market. Ours is more like invisible orders, which get executed with all other orders together. So dark pool orders still get matched with everybody else, but in a stealth way. You hide your intention and hopefully the market price will be less volatile and every investor, big or small, is happy.

http://www.coindesk.com/bitcoin-brokers-trade-millions-without-exchange/

While many exchanges, including the current top exchange by volume, Bitstamp, offer stop-loss orders which can help mitigate slippage, one exchange has gone further. LakeBTC has released a ‘hidden’ orderbook feature that it calls its “darkpool”, designed to protect investors against ‘financial predators’ waiting to exploit the price distortions created by big trades.

LakeBTC’s darkpool works by hiding big trades of 50 BTC and up from the public order book. Although the rest of the market can’t see the trade, the exchange continues trying to fill it with outstanding orders on the market at the time, the firm’s communications director Lisa Li said,

I still do not understand what is darkpool's advantage?

For now, the exchange is mor and mor transparent, confessed, whether are there darkpool the meaning of existence?

In fact, it's no extra advantage, you need not to realize more, aha

[Mieehayii]

Dark pool is a good way to  avoid trigger volatility and protect general traders.

It is nothing, who can protect the planet when the extinction of dinosaurs?

when the bottom is getting lower and lower, who can hold it or take it fly to the moon?