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dark pools

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    ASX to plunge into dark pools

    by: CAROLINE HENSHAW
    From: Dow Jones Newswires
    June 20, 2012 12:00AM

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    AUSTRALIA'S dominant exchange operator ASX Limited plans to launch two new "dark pool" trading services next month as it seeks to capture business from the growing amount of off-exchange trade, even as the securities and investments commission plans to step up regulation of the space.

    Dark pools are a fast-growing type of alternative trading system where money managers trade shares anonymously and electronically before reporting them to the exchange.
 
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