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US dark pool trading venues get a transparency makeover

Move by regulators follows enforcement actions against UBS, Credit Suisse, Deutsche over misleading clients

US dark pool trading venues get a transparency makeover

Wall Street’s dark pools will get a little clearer, as regulators move to require the trading platforms to tell investors more about how they handle orders and any preferential deals they cut with clients.

The Securities and Exchange Commission’s regulation, passed Wednesday on a unanimous vote, builds on a series of enforcement actions that found some dark pools misled clients about how they worked, including special access given to high-speed traders.

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