Europe’s Dark Pools, Antitrust Fines, Banking: Compliance
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Traders face a push by European Union regulators against dark pools and other concealed trading amid warnings from the financial industry that the transparency drive could hamper the functioning of markets.
EU regulators today published more than 1,000 pages of draft standards for fleshing out an overhaul of financial market legislation that was agreed on earlier this year. In addition to the tougher transparency standards, the technical rules also cover areas from regulation of high-frequency trading and commodity derivatives speculation to broker research.