Exposing Dark Pools

摘要

Following the financial crisis, the Securities and Exchange Commission has redoubled efforts to shine a light on opaque practices that deny investors fair access to information and potentially could damage the integrity of the national market system. But industry participants are concerned that a recent proposal actually will make matters worse.rnAn SEC proposal for increasing transparency into dark liquidity pools has sparked debate in the industry over whether disclosure of trades on a real-time basis could play into the strategies of gamers and high-frequency traders.