Matt Levine, Columnist

Barclays Thinks Its Dark Pool Is Fine

If you stick to saying true things, it probably isn't fraud, even if those things are a bit silly. I mean, maybe. Don't try that at home, or at your dark pool.

A while back I used a Barclays presentation to teach a lesson in the grammar of financial presentations. That presentation featured this chart of "Sample liquidity landscape by category," with a bunch of bubbles showing the various sorts of traders that traded on Barclays's LX dark pool: