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Size discovery refers to the use of trade mechanisms by which large quantities of an asset can be exchanged at a price that does not respond to price pressure. Primary examples of size discovery include "workup," a trade protocol used in the markets for U.S. Treasuries and swaps, and block-trading "dark pools," used in equity markets. By freezing the execution price, a size-discovery mechanism does not clear the market, but overcomes large investors' concerns over their price impacts.doi:10.2139/ssrn.2682668 fatcat:m5isjznfj5cu5hmwrxbs3hr2yi