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EU buyside firms spooked by UBS dark pool fine

Requests to stop routing orders to UBS MTF in Europe are a direct response to yesterday's US fine, people familiar with the matter say

EU buyside firms spooked by UBS dark pool fine

Some European buyside firms are asking their brokers to stop routing orders to UBS's European dark pool, after the Swiss bank agreed to pay a record fine relating to a US version of the venue.

Two European brokers said they had received requests from a "small number" of clients Friday morning to stop trading on UBS MTF, a regulated European dark pool run by the Swiss bank.

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