With this, SGX will be Asia's first exchange-backed dark pool, which will complement exchange trading by reducing the market impact of large trades.
Even the New York Stock Exchange is dark, its first weather-related closure in 27 years.
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The exchange versus dark pool conversation continued between Larry Leibowitz, chief operating officer of NYSE Euronext, and Dan Mathisson, managing director at Credit Suisse Securities.
Rather than flash the order for a potential mate, the exchange can route it through the dark pools that expressed indications of interest.
The SEC is also studying the effects of various trends that have shaped the U.S. stock markets over the course of the last decade, including the proliferation of high frequency trading and of off-exchange trading in so-called dark pools.
Often sitting in a studio in the dark for long stretches of time, they exchange personal stories and jokes to pass the time, and as a consequence, learn a great deal about each other in a short amount of time.
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The Securities and Exchange Commission is laying down the law with dark pools--or at least starting to.
The Securities and Exchange Commission has officially encouraged the creation of dark pools to compete with the dominant NYSE and Nasdaq exchanges to offer the best price competition.
Dark pools are trading venues that trade outside of a stock exchange.
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According to reports (Younglai and Spicer 2009), a surge in the dark pool volumes in U.S. markets is giving the Securities and Exchange Commission sleepless nights.
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Singapore Exchange CEO Magnus Bocker discussed Chi-East and the Asian regulatory landscape for dark pools with Steve Forbes.
If an exchange can't execute an order, it will look at indications of interest from a number of dark pools.
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