Europe tallies trades ahead of dark pool rules
From 2018, each dark pool will only be able to handle 4% of overall trading in a security
London
OPERATORS of European stock markets are finding that bigger is better.
In the New Year, regulators will be counting every European stock trade to see whether a transaction took place in a dark pool or on a public exchange - before rules capping the percentage of dark trading begin in 2018. Crucially, special rules for larger trades could keep the dark pools open and available to investors.
With that in mind, companies such as London Stock Exchange Group Plc's Turquoise and a venture from Bats Global Markets are trying to give clients more confidence in placing large orders.
"It will soften the blow when the caps kick in," Neil Bond, head of trading at a…
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