• 13 Aug 2013 at 12:47 PM

Europeans Embrace Dark Pools While They Can

The menace spreads.

European share trading taking place in anonymous, off-exchange venues known as “dark pools” reached its highest-ever level in July, amid lower volatility and a growing proliferation of high-frequency trading on the platforms.

About 10.3% of all European equities trading last month took place on these venues, according to data from Thomson Reuters. It is the first time the proportion of activity executed in dark pools has breached double figures, and exceeds the previous high of 9.1% in January….

European regulators are attempting to curb dark pool trading as part of new rules in the second version of the Markets in Financial Instruments Directive.

The rules, which are being debated among European regulators, could limit the proportion of stock trading done on some types of dark MTFs and could also place restrictions on broker-run dark pools.

Dark-pool trading reaches record levels in Europe [Financial News via MarketWatch]

7 comments (hidden to protect delicate sensibilities)
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Comments (7)

  1. Posted by Little Fritz | August 13, 2013 at 1:06 PM

    Sooner or later, it will blow up, like the rest of Europe.

  2. Posted by Guest | August 13, 2013 at 1:09 PM

    Enjoying the pic/caption Shazar, really adds value to those dual hyperlinks

  3. Posted by Im_a_Dude | August 13, 2013 at 1:11 PM

    Shazar, did you take that picture from your home?

  4. Posted by Guest | August 13, 2013 at 1:23 PM

    Are you refering to Shazar's popularity, or weight?

  5. Posted by Guest | August 13, 2013 at 1:29 PM

    Shazar, I can't wait to stare into the dark pools that are your mom's eyes.

    -Big Baby Jesus

  6. Posted by theta | August 13, 2013 at 1:53 PM

    So regulators want to prevent investors from using dark pools so that they can feed the HFT robots?

  7. Posted by CK PoopHole | August 14, 2013 at 3:15 AM

    Yah something like that.. Most people dont understand the neccessity of unlit orderbooks or private methods of crossing orders away from the prying eyes of scalpers…

    uWotM8