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.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
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Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio