The Financial Services Authority, the chief UK markets regulator, has launched a wide-ranging study of the way the UK equity markets are being used, including how alternative trading platforms, “dark pools” and so-called “high frequency” traders function.
The initiative is a sign of heightened scrutiny by financial regulators on both sides of the Atlantic as competition between trading venues and the rise of sophisticated electronic trading raise questions over how market structures may be changing, potentially affecting investors.
