Nasdaq, BATS Interested in Running Dark Pools for Banks

Both exchanges have been in contact with banks, according to reports

Robert Greifeld, CEO, Nasdaq OMX

Banks being able to use an exchange's technology could cut down on the rising regulatory costs dark pools are facing, the articles note.

The Wall Street Journal initially reported on Nasdaq's interest in helping banks with dark pool operations. Nasdaq CEO Robert Greifeld said the exchange has been in talks with "several of the biggest banks" and plans to talk to the US Securities and Exchange Commission (SEC) about receiving permission to run dark pools, according to the story.

Reuters later reported that BATS was also interested in running dark pools for banks, according to an interview it conducted with Joseph Ratterman, chief executive of BATS.

No definite plans have been made, as both exchanges seem to be in the very early stages of talks.

In September, Anthony Malakian took a look at some of the recent events occurring in the dark pool space.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Broadridge rethinks the OMS

Through its partnership with Glue42, Broadridge is bringing together the best components of its agency trading and market-making solutions.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here