Dark Pools | Before You Invest Your Money

Posts Tagged ‘Dark Pools’

SEC Vote Shows Scope of High-Frequency Trading Rules

January 13th, 2010

Before You Invest

High-frequency traders, whose lightning-fast stock and options tactics have been criticized by senators, are about to learn how far U.S. regulators may go to rein them in.

The Securities and Exchange Commission is poised to ask brokerage firms, traders and exchanges to weigh in on the practice, which describes a range of strategies that depend on high-speed executions, usually less than a millisecond.

SEC commissioners vote today on publishing a so-called concept release on high-frequency trading, dark pools and the structure of markets.

Click to continue reading

Posted in Finance Fraud

Tags: Brokerage Firms, Dark Pools, Delaware Democrat, Executions, Financial Services Consultant, Getting Away With Something, Goodwin Procter Llp, Group Llc, High Frequency, Individual Investors, Kaufman, Lawmakers, Liquidity, Millisecond, Proponents, Securities And Exchange Commission, Stock Volume, Tabb Group, Trading Accounts, Volume Questions

No Comments »

SEC looks into effects of high-frequency trading

October 27th, 2009

Before You Invest

The Securities and Exchange Commission is looking into how high-frequency trading, which some estimate accounts for 50% or more of all equity trading in the U.S., affects markets, sources said. As lawmakers are scrutinizing the trading practice and other market developments, the SEC is not expected to publish a discussion paper on the strategies until December at the earliest.

Click to continue reading

Posted in Finance Fraud

Tags: Congressional Committee, Dark Pools, Discussion Paper, Equity Trading, High Frequency, Lawmakers, Market Developments, Reuters, Sec, Securities And Exchange, Securities And Exchange Commission

No Comments »

Goldman Sachs defends market practices in report to SEC

October 27th, 2009

Before You Invest

In a lengthy report to the Securities and Exchange Commission, Goldman Sachs Group defended high-frequency trading, dark pools, short-selling and other market strategies. “The investing community (especially retail) has benefited from the evolving market structure and industry competition,” Goldman said in the report. Lawmakers have criticized the practices and are looking into ways to increase their transparency.

more at http://www.bloomberg.com/apps/news?pid=20601103&sid=ax4InQgscKws

Posted in Finance Fraud

Tags: Amp, Apps, Dark Pools, Goldman Sachs, Goldman Sachs Group, High Frequency, Industry Competition, Lawmakers, Lengthy Report, Market Investing, Market Practices, Market Strategies, Market Structure, Pid, Sec, Securities And Exchange, Securities And Exchange Commission, Sid, Transparency

No Comments »

Dark Pool Trade Limit Said to Be Cut 95% in SEC Plan

October 20th, 2009

Before You Invest

The U.S. Securities and Exchange Commission will propose toughening its limits on the amount of anonymous trading carried out on stock platforms called dark pools, according to two people familiar with the deliberations.

The commission will propose lowering the amount of daily volume in a company’s shares that can be executed in private on any of the networks to 0.25 percent from 5 percent at a hearing tomorrow in Washington, said the people, who declined to be identified because the discussions weren’t public.

Click to continue reading

Posted in Finance Fraud

Tags: 3u, Apps, Charles Schumer, Daily Volume, Dark Pool, Dark Pools, Deliberations, Democratic Senators, Getco Llc, Goldman Sachs, Goldman Sachs Group, Goldman Sachs Group Inc, Kaufman, Nester, Platforms, Sachs Group Inc, Scrutiny, Securities And Exchange, Securities And Exchange Commission, Spokesman

No Comments »

Kaufman Praises SEC Proposed Ban On Flash Orders, But Seeks Broad Review

October 15th, 2009

Before You Invest

Yesterday, in a speech on the Senate floor, Sen. Ted Kaufman (D-DE) praised the SEC for its proposal to ban flash orders and for agreeing to undertake a broad review of high-tech trading practices.

But it’s clear from Kaufman’s remarks that he’s keeping the pressure on the SEC to carry out a much broader review of rapid technological developments that have transformed trading and led to computer-driven millisecond speeds.

“I’m hopeful that last week’s action was a true beginning,” Sen.

Click to continue reading

Posted in Finance Fraud

Tags: Co Location, Collocation, Colocation, Computer Servers, Dark Pools, Emergence, High Frequency, Kaufman, Late August, Market Access, Market Developments, Market Structure Issues, Mary Schapiro, Piecemeal, Public Eye, Rapid Technological Developments, Sec Chairman, Sec Officials, Senate Floor, Threshold Levels

No Comments »

Flash trading under consideration at SEC

August 5th, 2009

Before You Invest

Securities and Exchange Commission Chairwoman Mary Schapiro released a statement noting that she instructed SEC staff to explore “an approach that can be quickly implemented to eliminate the inequity that results from flash orders.” The statement further says, “Under the rule-making process, such a proposal …

Click to continue reading

Posted in Finance Fraud

Tags: Chairwoman, Charles Schumer, Dark Flash, Dark Pools, Dark Quotes, Desire, Inequity, Mary Schapiro, Proposal, Public Comment, Sec Staff, Securities And Exchange, Securities And Exchange Commission, Sen Charles Schumer, Wsj

No Comments »

SEC to increase scrutiny of dark pools, Schapiro says

June 20th, 2009

Before You Invest

Mary Schapiro, chairwoman of the Securities and Exchange Commission, requested that her staff look closely at the effects of dark pools. “This lack of transparency has the potential to undermine public confidence in the equity markets, particularly if the volume of trading activity in dark pools increases substantially,” Schapiro said.

more at

http://www.ft.com/cms/s/0/e7810094-5c66-11de-aea3-00144feabdc0.html

Posted in Finance Fraud

Tags: Chairwoman, Cms, Dark Pools, Mary Schapiro, Public Confidence, Scrutiny, Sec, Securities And Exchange, Securities And Exchange Commission, Transparency

No Comments »

NYSE Euronext to urge stricter regulation of dark pools

June 10th, 2009

Before You Invest

Lawmakers are expected to hear testimony today from a NYSE Euronext executive who wants the Securities and Exchange Commission to regulate dark pools like exchanges. Critics have been scrutinizing dark pools because the SEC gave the green light to new order types at BATS Exchange and Nasdaq OMX.

Click to continue reading

Posted in Finance Fraud

Tags: Bats, Dark Pools, Lawmakers, Nasdaq, Nyse Euronext, Omx, Sec, Securities And Exchange, Securities And Exchange Commission, Testimony, Trades, Wsj

No Comments »

Nasdaq OMX Europe to launch dark pool platform

March 18th, 2009

Before You Invest

Press release

Multilateral trading facility (MTF) Nasdaq OMX Europe has announced plans to launch a new pan-European dark pool, Neuro Dark.

Dark pools are usually designed to enable buyers and sellers to agree large-scale transactions without having to publicly disclose details such as sale price or share volumes.

Click to continue reading