ICE· Intercontinental Exchange

Dark pool · off-exchange short volume

Dark pool as of 2026-11-04 · latest session 2026-11-05

ICE's off-exchange short-volume ratio was 40.9% on 4 Nov 2026, above its 20-day average of 37.1%. Off-exchange trading was 35% of volume over the last 20 sessions. 11 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 30 Oct 2026.

Short ratio (latest)

40.9%

20-day average

37.1%

Off-exchange share (20d)

35%

Darkpool density

big day, short ratio above trendbelow trendbubble size = how unusual ($vol z-score)

Last ~6 months. Bubbles mark days of unusually large off-exchange dollar volume (≥1.5σ vs the trailing 60 days). Daily resolution — not print-level data.

Darkpool levels ±15% of spot, since 2018-10-01

188.02

0.13B

184.60

1.42B

181.19

2.66B

177.77

4.39B

174.35

4.98B

170.93

7.72B

167.51

6.46B

164.09

8.35B

160.67

10.5B

157.26

17.1B

153.84

15.5B

150.42

8.80B

147.00

6.47B

Historical off-exchange $ volume at price: each day's volume spread across that day's range, summed over the full FINRA history. Heavy shelves often act as support/resistance magnets. Amber row = spot's bin.

Off-exchange short-volume ratio

short ratio (20d, right) daily off-exchange share (left)

FINRA daily TRF data, last 2 years. A persistently HIGH short ratio is mostly passive market-maker liquidity provision (commonly read as accumulation pressure) — not naively bearish.