WTW· Willis Towers Watson

Dark pool · off-exchange short volume

as of 2026-11-05

WTW's off-exchange short-volume ratio was 56.4% on 5 Nov 2026, above its 20-day average of 50.4%. Off-exchange trading was 37% of volume over the last 20 sessions. 10 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 4 Nov 2026.

Short ratio (latest)

56.4%

20-day average

50.4%

Off-exchange share (20d)

37%

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

350.86

0.11B

344.12

0.93B

337.37

2.20B

330.62

3.98B

323.88

4.79B

317.13

4.52B

310.38

3.63B

303.63

4.21B

296.89

3.25B

290.14

4.00B

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.