Financial Regulatory Forum

US SEC to consider rules for dark pools next Wednesday

By Reuters Staff
October 14, 2009

WASHINGTON, Oct 14 (Reuters) – U.S. securities regulators will consider next Wednesday proposals to shed more light on dark pools, or venues where stock trades are hidden from public view, a notice on the Securities and Exchange Commission’s website said.

SEC Chairman Mary Schapiro along with several lawmakers have raised concerns about the potential inequity in the markets.

Schapiro has said some pools were not dark to all market participants but rather transmitted electronic messages to select individuals that could convey valuable information about their available liquidity.

The SEC will hold an open meeting Oct. 21 to consider amending the display obligations of alternative trading systems among other proposals.
(Reporting by Rachelle Younglai)
((rachelle.younglai@thomsonreuters.com; +1 202 898 8411)) Keywords: SEC DARKPOOLS

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •