New rules will come into force in stages over nine months
Order segmentation caused by dark venues is damaging overall price discovery
The benefits of the new rules have been largely enjoyed by “lit” exchanges and high frequency traders
Australian Securities and Investments Commission report examines impact of dark liquidity and high-frequency trading
The new rules will be phased in over 18 months,
Maintaining strong competition between trading on lit and dark venues is the best prescription for preserving market quality
Regulators should step slowly and consult with industry, says Russell
Dealers will be able to enter orders on behalf of clients for the first time
Changes would bring exchange in compliance with new trading rules concerning dark liquidity, which are to take effect October 15
Rule changes will now all take effect on Oct. 15