Are public stocks and bonds bought and sold with blind bidding?
There’s indeed an order book that’s “public enough”, but not every trading system enters every intent into the public order book. (Even as a retail nobody, I can create contingent orders that only become public orders once the trigger conditions are met.) I also don’t believe that individual bid/asks can be traced to a specific bidder.
Further, block trades are negotiated off-order-book and later reported.
> Even as a retail nobody, I can create contingent orders that only become public orders once the trigger conditions are met.
Do different brokers implement this differently, or is this an a property of the exchanges themselves?
In terms of links, I don’t have a ready primer to vouch for. I worked 6 years in online broker tech, but it was decades ago.