MA· Mastercard

Dark pool · off-exchange short volume

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

MA's off-exchange short-volume ratio was 48.0% on 4 Nov 2026, above its 20-day average of 40.7%. Off-exchange trading was 38% of volume over the last 20 sessions. 15 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 2 Nov 2026.

Short ratio (latest)

48.0%

20-day average

40.7%

Off-exchange share (20d)

38%

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

660.12

0.41B

647.18

1.66B

634.24

2.24B

621.29

4.56B

608.35

3.78B

595.41

8.48B

582.46

23.1B

569.52

44.1B

556.57

43.2B

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.