News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Regulation

SEC preparing to finalise dark pool transparency rules

US agency could alter its 2015 proposal, which sought to pull back the curtain on opaque trading venues

SEC headquarters in Washington
SEC headquarters in Washington Photo: iStock

US market regulators plan to finalise a rule proposal in the coming months that would require dark pools to disclose how they treat customers, a step that follows years of regulatory scrutiny of the opaque trading platforms.

The Security and Exchange Commission's 2015 proposal would require that dark pools, many of which are owned by large banks or broker-dealers, disclose their rules of operation, including whether they grant preferential treatment to any particular traders.

WSJ Logo