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scarequotes commented on the word ping pool
https://www.bloomberg.com/news/articles/2018-01-16/trader-vip-clubs-ping-pools-take-dark-trades-to-new-level
<blockquote>First came dark pools, private trading venues that challenged old-school stock exchanges.
Now something else lingers in the shadows of Wall Street: ping pools.
They also operate outside traditional stock exchanges, but these venues, which are gaining users in changing markets, are more opaque for the public. Running them allows some of the fastest, savviest electronic traders to dodge exchange fees and reap plum opportunities.
Unlike public markets such as the New York Stock Exchange, where investors of all stripes trade, ping pools operate like VIP parties.</blockquote>
January 18, 2018