Trading

Looser dark-pool trading caps would still fit – FCA paper

New EU market rulebook Mifid II is set to cap dark-pool trading at 8% next year, but academics say 15% would cause no problems

Looser dark-pool trading caps would still fit – FCA paper

EU regulators could allow almost twice as much trading to take place in off-market venues known as "dark pools" without any ill-effects to public markets, according to the latest academic thinking.

In a paper published yesterday by the UK's market regulator, the Financial Conduct Authority, a group of academics have warned against "eliminating the benefits" of trading in dark pools, a practice European regulators are clamping down on with their new securities rulebook, Mifid II.

WSJ Logo
Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It