What percentage of GOOG dark pool trades execute at the National Best Bid and Offer (NBBO) midpoint?
What percentage of GOOG dark pool trades execute at the National Best Bid and Offer (NBBO) midpoint?
According to verified FINRA RegSHO Daily Short Volume and Alternative Trading System (ATS) transparency records for Alphabet Inc. (ticker GOOG), off-exchange market venues executed 1,334,796 shares against 4,745,379 total recorded market shares on 2026-09-11, representing an off-exchange trading ratio of 28.1%. This concentration of liquidity in dark pools and OTC internalizers indicates substantial institutional order routing away from public lit exchanges. In quantitative capital intelligence workflows, tracking whether off-exchange participation exceeds standard historical baselines provides an empirical early indicator of private position accumulation or institutional hedging activity ahead of material catalyst disclosures.
Verified Quantitative Data
| Metric | Value |
|---|---|
| Ratio | 0.2813 |
| Total | 4745379 |
| Shares | 1334796 |
Full trading intelligence, federal contract history and congressional flow for NBBO.
Primary Source Record
This fact is compiled from public federal disclosure records. Explore the underlying dataset on the Federal Contract Explorer and the Capitol Trades leaderboard.
Data intelligence from public filings — not investment advice.