The Australian Securities and Investments Commission has said it will force operators of dark pools to provide greater disclosure on how client orders are handled as it steps up its clampdown on the controversial share-trading platforms.

The new rules ̶ which will see banks and brokers open up their private trading operations to greater public scrutiny and introduce new systems and controls to prevent trading abuses ̶ come amid growing regulatory concern across the US, Europe and Asia Pacific over the rise of dark liquidity.