Dark-Pool Rule, Crisis Inquiry, EU Carbon: Compliance

The U.S. Securities and Exchange Commission probably won’t make decisions this year on rule proposals meant to restrict equity dark pools and flash orders, according to a Nasdaq OMX Group Inc. executive.

Brian Hyndman, senior vice president for transaction services at New York-based Nasdaq OMX, said at a Security Traders Association of Chicago conference Jan. 21 that he doesn’t think SEC proposals from 2009 on dark pools, indications of interest and flash orders “will be touched in 2011.” His company, which runs the second-largest U.S. stock market, is concerned that more trading on private venues may impair the prices available on public markets, he said.