Barclays Dark Pool Trading Falls 33% Amid U.S. Lawsuit
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Barclays Plc’s dark pool saw a 33 percent weekly drop in the number of shares traded, suggesting a U.S. lawsuit alleging it misled customers continues to weigh on volumes while threatening revenue at its investment bank.
About 97 million shares were exchanged on the private trading platform in the week of Oct. 20, down from 144 million a week earlier, making Barclays the 14th largest operator, data from the Financial Industry Regulatory Authority show. The volume was 129 million in the week of Oct. 6.