The Technical Committee of the International Organization of Securities Commissions Wednesday released a set of principles that it recommends as safeguards for the operation of dark pools. The principles, IOSCO said, are designed to help securities regulators around the world to: * minimise the adverse impact of the increased use of dark pools and dark orders on the price discovery process; * mitigate the effect of any potential fragmentation of information and liquidity; * help to ensure that regulators have access to adequate information to monitor the use of dark pools and dark orders; * help to ensure that investors have sufficient information to understand the manner in which orders will be handled and executed; and * increase the monitoring of dark orders and dark pools for adequate regulatory response.
SIBOS 2010: IOSCO wants safeguards for dark pools
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