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Wednesday, June 10, 2009

NYSE Euronext to urge stricter regulation of dark pools

Lawmakers are expected to hear testimony today from a NYSE Euronext executive who wants the Securities and Exchange Commission to regulate dark pools like exchanges. Critics have been scrutinizing dark pools because the SEC gave the green light to new order types at BATS Exchange and Nasdaq OMX. The order types route trades through dark pools. SIFMA asked the commission to look more closely at the practice.

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