“Dark Pools” operators are now subjected to enhanced scrutiny from regulators, according to a Wall Street Journal Report. Wall Street’s self-regulatory body, the Financial Industry Regulatory Authority (FINRA), sent 15 examination letters last month to ‘dark pools’ operators, seeking more information on their operations, client profile and surveillance systems adopted. What Were Dark Pools Set Up For? Dark pools were set up to allow large investors to trade big blocks without having news of their orders move the price. Dark Pools don’t publish bids or offers on shares. They publish trade data only after transactions occur. About 13 percent of…
Dark Pools Face Enhanced Regulator Scrutiny
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports