Regulators Approve N.Y.S.E. Plan for Its Own ‘Dark Pool’

by The Compliance Exchange on July 9, 2012

Regulators have approved a controversial proposal from the New York Stock Exchange that will result in some stock trades being diverted away from the traditional exchange.

The program, expected to begin later this summer, will direct trades from retail investors onto a special platform where trading firms will bid to offer them the best price. The trading will not be visible to the public.