Lit market

A lit market is a venue that publishes its order book before execution. The term exists to distinguish ordinary exchanges from dark pools.

market microstructure · updated 2026-09-08

See also

• Dark pool — A dark pool is a trading venue that does not display its order book before trades occur, publishing only executions after the fact…
• Order book — The order book is the live list of all outstanding buy and sell orders for an instrument, arranged by price, that a trading venue …

Terms that refer here

Dark pool

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