Seeking Alpha

Barclays dark pool trading drops 37%

  • Trading in Barclays' (NYSE:BCS) U.S. dark pool has fallen 37%. The drop follows the New York Attorney General's lawsuit last month which accused the bank of deceiving clients about how the pool operated.
  • During the final week of June, 197M shares traded on the dark pool, down from 312M the previous week.
  • Although the bank is still investigating the allegations, most major brokers including Credit Suisse, Deutsche Bank, ITG and RBC have shut down their connections to the pool.
Comments (3)
  • Danese
    , contributor
    Comments (11) | Send Message
    Impressive to keep this amount of business being attacked by the biggest enemy to free enterprise in the USA. Simply shows that the clients appreciate the pricing and transparency - so the clients are not all bullied to leave Barclays despite the slander from NYAG, Holder et all
    15 Jul, 03:44 AM Reply Like
  • stoj
    , contributor
    Comments (384) | Send Message
    clients are extracting money from the pool, since costs are not transparent enough. Perhaps another "free lunch" ending
    15 Jul, 04:37 AM Reply Like
  • alpine
    , contributor
    Comments (982) | Send Message
    For a layman, comme moi, it seems the hardworking, honest, careful investor has a 2nd or 3rd chance in life to survive after all: all these "dark pools", esp of the ones designed around superfast computers, which can outmimick the careful, scared, prudent investor should be banned, and along the way, be punished so their ugly "heads" don't surface for a long time to come. As for their long or short "tails", I say, there is only one way to deal with them, whether long or short.....


    May the careful, prudent, hardworking, usually permanently unemployed (not of his own choice), have a way to earn a few crumbs just so he or she can put bread on the table. So many of us are still young, but everywhere you looked, the doors were shutting on us faster than they opened.
    15 Jul, 07:39 AM Reply Like
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