Markets

Feb 15: Dark pools beyond Mifid

A number of so-called dark pools, where large block trades can be transacted anonymously, are doing very well despite regulatory scrutiny which could be expected to discourage their use. Lee Hodgkinson, CEO of SmartPool, a dark pool owned by the exchange NYSE Euronext, explains how the Markets in Financial Instruments Directive (Mifid) does need improvement, but in the dark space such changes need not be a big bang but more iterative.