Finra is set to propose new rules which will require dark pools and other alternative trading...


Finra is set to propose new rules which will require dark pools and other alternative trading systems to report stock-by-stock trading activity to the regulator on a weekly basis — the data will be available on the Finra website. "People close to the discussions" tell WSJ that Credit Suisse's decision to cease disclosure on its own dark pool "played into" the push for the new rules. Final approval will need to come from the SEC.

Comments (2)
  • 567335
    , contributor
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    Well, of course they should have to report the stocks that were traded. What possibly justification can there be for doing otherwise? It will be interesting to hear the complaints: "to complicated, to intrusive, the regulators wouldn't understand it anyway . . ." With the technology available today, it could be reported real time. Let's just post it all on-line and let everyone sort it out.
    13 Jul 2013, 10:09 PM Reply Like
  • User 9465711
    , contributor
    Comment (1) | Send Message
     
    These trades are already captured by the OATS system.
    14 Jul 2013, 08:50 PM Reply Like
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