U.S. Should Watch Australia Dark Pool Laws, Schapiro Says
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U.S. regulators seeking to increase the efficiency of anonymous trading platforms should monitor the progress of counterparts in Australia and Canada, the former chairman of the Securities and Exchange Commission said.
“The Australians are moving ahead on issues around dark pools, as well as the Canadians,” Mary Schapiro, who is now a managing director at consulting firm Promontory Financial Group LLC, said in an interview in Hong Kong today. “It’s really important for the U.S. to look at what’s happening in those markets.”