ITG disputes ASX views on dark pools
Contrary to comments by the ASX chief, industry players say dark pool trading has not grown at the expense of lit-market volume, nor does it distort prices.
Electronic trading market participants, including buy-side executives, have hit back at recent negative comments about dark pools made by the head of Australia's stock exchange.
They argue that unlit off-exchange venues in fact enhance transparency and help establish fair prices for equities, rather than distorting lit-market prices.
ASX chief executive Elmer Funke Kupper in August said he was concerned about the "growing dark pools and dark executions" in Australia. He also arg…
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