According to Michelle Jones, the Financial Industry Regulatory Authority, said it is expanding its oversight of private trading venues known as “dark pools.” The regulator will also keep closer tabs on rapid-fire trades.
Private trading venues known as “dark pools” are the new focus of one of the nation’s top regulatory agencies. Richard Ketchum, who heads up the Financial Industry Regulatory Authority (Finra), said in an interview today that his agency is expanding its oversight of dark pools and keeping an eye on orders placed out in the public and whether they are done so for the purpose of moving prices or advancing their dark market trades.
Finra said it is also going to start keeping closer tabs on high frequency trading, especially rapid-fire trading that happens across exchanges. According to Ketchum, we will begin to see more enforcement on these types of trades this year.