Capco: How dark are the pools? – Part 1

A brief overview of dark pools
Improving market transparency has been a focus of reforms post -financial crisis. As an increasingly important component of the market infrastructure, “dark pools” are inevitably part of the regulatory reviews currently under way across the globe.
In the U.S., the Securities and Exchange Commission (SEC) has published a consultation paper that discusses regulatory issues surrounding dark pools. In Europe, the Committee of European Securities Regulators (CESR)
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