Lit pools are the opposite of dark pools. A lit pool refers to a public stock exchange where the order book is openly displayed and available for all participants.
This means that traders using a lit pool can see the amount of liquidity in the bid and offer for a security through the order book, which can be used to gauge the short-term direction of a stock.
The main difference is dark pools don’t have public order books or show the prices a buyer or selling is willing to pay while, in contrast, lit pools publicly display the various bids and offers for stocks listed on the exchange.
InsiderFinance also tracks “lit” pool prints, or large equity blocks traded through public exchanges, and displays them on the Ticker Research page.