EU targets dark pools

Reuters reports the European Union has devised a preliminary plan targetting dark pools, which provide a platform for off-exchange, anonymous share trading.

Read: BoE sounds alarm on shadow banking

“The outline agreement is likely to hit the City of London financial centre, which is home to several ‘dark pools’…. But stock exchanges and big banks will likely benefit,” explains the report.

Read the rest here.

Also read:

NY regulator uncovers $48 billion in “shadow insurance”

CSA, IIROC regulate dark orders

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