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Brokers barred from recreating 'dark pools' as EU tightens Mifid trading rule

By John Rega ( August 28, 2017, 16:18 GMT | Insight) -- Securities brokers will be barred from linking up their private trading systems and skirting requirements to trade on open markets, under rules issued by the European Commission today. Market regulators had warned that dealers could develop networks of in-house systems to recreate the sort of "dark pools" that lawmakers sought to shut down in the revised Markets in Financial Instruments Directive.Securities brokers will be barred from linking up their private trading systems and skirting requirements to trade on open markets, under rules issued by the European Commission today....

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