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Brussels move to tighten ‘dark pool’ trading rules 

June 20, 2017

Philip Stafford, Financial Times

"Brussels is making a late attempt to shut a loophole in new share trading rules that authorities fear could be used by some banks and proprietary traders to conduct more business away from public stock exchanges.

That would run counter to the spirit of Mifid II markets legislation, which is designed to push most off-exchange business away from so-called “dark pools” and bank trading desks. 

The European Commission published a proposal late on Tuesday to tighten its definition for investment firms that transact customers’ deals on their own account — only around 200 days before the rules are due to come into effect in 2018. "

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