dark pools

Barclays and Credit Suisse have settled federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal a

U.S. regulators need to accelerate their efforts beef up the rules governing "dark pool" trading platforms to better protect investors from poor trade execution and conflicts of interest, according to a new report released Tuesday.
November Editor's Note from Dan Collins.
Barclays Plc saw the volume of U.S. shares traded at its dark pool rise to the highest since it was sued by New York for allegedly lying to customers of the venue.
While all futures trades happen on exchanges such CME Group’s, only about 60% of American equity volume does. The rest takes place on venues including dark pools, where orders are hidden until transactions are completed.
Exchanges have adapted to new market reality by improving speed of automated trading systems to level playing ground for all traders, study finds.
Exchanges and clearinghouses would be required to maintain adequate technology systems and report disruptions under a U.S. Securities and Exchange Commission plan for the first update of automation principles in 22 years.