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Regulators’ probe casts doubt over European ‘dark pools’

By Jeremy Grant in London

Published: February 26 2009 20:05 | Last updated: February 26 2009 20:05

The continued operation of at least two of Europe’s operators of “dark pool” block trading facilities has been thrown into doubt by a regulatory probe into whether they are complying with the rules under which they were first allowed to operate.

The development is a sign of the growing scrutiny faced by dark pools and other equity trading venues in the region as regulators grapple with the effects of the financial crisis.

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