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Banks reduce dark pool trading as Brexit slams US markets

Friday's trading volume up as much as seven-fold, slowing some opening stock auctions
Monday, June 27, 2016 - 05:50
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The New York Stock Exchange said last Friday that it would widen its price collars to 10%.

London

BRITAIN'S vote to leave the European Union kicked off a torrent of volume in markets around the world last Friday, prompting banks to cope with the fallout by reducing trading in their dark pools.

The "Brexit" result sparked a global equity selloff and set off a turbulent