Wells Fargo to shut its 'dark pool' as demand falls

A Wells Fargo bank branch in New York City.
Scott Mlyn | CNBC
A Wells Fargo bank branch in New York City.

Wells Fargo is closing down its alternative trading system, or "dark pool," due to decreased customer demand, the company said on Thursday.

The San Francisco-based bank will still offer its clients a full suite of electronic trading tools to support effective order execution, but will stop offering access to the company's dark pool on Friday, a spokeswoman from the bank told Reuters.