Regulators Try to Shed Some Light on 'Dark Pools'
Amid growing anxiety over the impact on trading from so-called dark pools—equity trading systems that don't publicly display orders—regulators are reaching out to try to better understand how they operate, according to a report Thursday by The Wall Street Journal.
Wall Street's self-regulating watchdog, the Financial Industry Regulatory Authority, sent 15 examination letters to operators of "dark pools," asking for details on what they disclose to clients and how they go about policing trades, the Journal said.
Find out more about what regulators are looking for here...
'Dark Pools' Face Scrutiny (Paywall)
(Read More: 10 Things People Don't Get About Dark Pools: Ross)