SEC: Comment deadline nears for dark-pools rule
Public input is due by Feb. 22 on proposed measures intended to increase the transparency of so-called dark pools.
Public input is due by Feb. 22 on proposed measures intended to increase the transparency of so-called dark pools. Such pools, largely operated by securities firms, are basically private trading systems in which participants can make trades without displaying their quotations to the public. In general, the SEC’s proposals would require that information about an investor’s interest in buying or selling a stock in a dark pool is made publicly available and would require public identity of the dark pool that executed the trade. For more details, visit sec.gov/rules/proposed/2009/34-60997.pdf.
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