Jun. 28 at 2:14 AM
$AABB Lit Market Routing:
@LitXchangeApp aims to route orders directly to lit markets (public exchanges like #IEX or #NYSE), where trades are visible and subject to real-time regulatory oversight.
Unlike #darkpools or internalized trades, lit markets require accurate order labeling to match exchange protocols, making it harder for market makers like Citadel to mismark short sales as long without detection.