IT· Gartner

Dark pool · off-exchange short volume

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

IT's off-exchange short-volume ratio was 87.6% on 4 Nov 2026, above its 20-day average of 65.3%. Off-exchange trading was 40% of volume over the last 20 sessions. 10 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 3 Nov 2026.

Short ratio (latest)

87.6%

20-day average

65.3%

Off-exchange share (20d)

40%

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

232.81

2.80B

228.73

2.00B

224.64

0.97B

220.56

0.35B

216.47

0.21B

212.39

0.19B

208.30

0.25B

204.22

0.27B

200.14

0.53B

196.05

0.89B

191.97

1.03B

187.88

1.33B

183.80

1.38B

179.71

0.88B

175.63

0.38B

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.