Regulators highlight dark pool concerns

Rise of dark pools have tracked the changes to lit markets, say banks


Regulators are growing concerned about the risks posed by trading in dark pools and internal liquidity pools at large FX trading banks as the share of off-market trading continues to grow and banks' internalisation ratios hover above 90% in the most liquid currency pairs.

The Bank of England (BoE) highlights the risks posed by liquidity migrating away from open-market venues, such as EBS and Thomson Reuters, in its Fair and Effective Markets Review (FERM), which aims to address concerns about

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