Luminex to open for trading this year
Firm failed to properly disclose the existence of a certain order type to all of its subscribers, SEC says
Research suggests trading rules may provide dark venues a regulatory advantage over lit markets
Almost 400,000 transactions were completed in 2011 at inferior prices through Goldman Sach’s dark pool
Dark pool operator accused of using of customer trading data to market its services
Staff are developing recommendations for an anti-disruptive trading rule
The goal is to increase market transparency and thereby enhance investor confidence
Reduced trading fees and increased competition offset by added costs and risks
New rules will come into force in stages over nine months
Order segmentation caused by dark venues is damaging overall price discovery