MSCI Dark Pool — Off-Exchange & Short Volume

Market/Dark Pool/MSCI

MSCI· MSCI

Dark pool · off-exchange short volume

Open interest GEX Full dossier

Short ratio (latest)

38.2%

20-day average

40.8%

Off-exchange share (20d)

36%

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

632.26

0.86B

621.16

1.94B

610.07

2.81B

598.98

4.05B

587.89

5.93B

576.79

9.57B

565.70

14.2B

554.61

13.1B

543.52

9.73B

532.43

8.76B

521.33

6.21B

510.24

3.96B

499.15

3.98B

488.06

5.44B

476.96

5.85B

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.