Fox Business Network reports that New York’s attorney general is investigating Morgan Stanley and Goldman Sachs as part of a probe into alternative trading systems known as “dark pools”.
Morgan Stanley and Goldman Sachs have not commented so far.
- “Dark pools are broker-run trading venues that let investors trade shares anonymously and only make trading data available afterwards, reducing the chance of information leaking about trade orders. But the lack of transparency around dark pools has drawn the scrutiny of regulators, concerned that brokers and proprietary trading firms that use aggressive high-frequency trading strategies have an unfair advantage over other clients.”
More: NY attorney general probes Morgan Stanley, Goldman ‘dark pools': Fox
–
I reckon they should probe Olympic runners. They’re much faster than most people too. Very unfair, that
