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Dark Pools Pervade Wall Street
Dark pools - private markets unavailable to the public - and high-frequency trading (HFT) are manipulative schemes run amok.
Late yesterday, New York State Attorney General Eric Schneiderman charged Barclays Plc. with fraud over how it markets its dark pool, in addition to accusing Barclays of operating its dark pool to favor high-frequency traders.
Dark pools - private markets unavailable to the public - and high-frequency trading (HFT) are manipulative schemes run amok.
Late yesterday, New York State Attorney General Eric Schneiderman charged Barclays Plc. with fraud over how it markets its dark pool, in addition to accusing Barclays of operating its dark pool to favor high-frequency traders.