Sunday, May 8, 2011

Canada Curbs Dark Pool Trading

Interesting.

"In examining the issues and the risks of the expansion of the use of dark orders, we are of the view that the need for providing some limits on their use is critical in maintaining the quality of the price discovery mechanism and addressing concerns regarding the impact of dark orders on the quality of the Canadian capital market," the regulators wrote in a joint summary.


Sounds reasonable to me, though I suspect others differ in their opinions.

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