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30 Jun 2014 (TheAge, SMH) – Clients are dark on Barclays

(30 June 2014, The Age, BusinessDay, p30, William Alden)

‘Several large brokerage houses last week stopped sending orders to the private stock trading system run by Barclays, concerned at a lawsuit claiming that the bank committed fraud.’

‘The brokerage houses – including Deutsche Bank, the Royal Bank of Canada, Sanford Bernstein and Voya Financial – were responding to an action filed mid-week by New York State Attorney-General Eric Schneiderman, who accused Barclays of falsely representing the concentration of high-frequency traders in the private market, known as a dark pool. One of the companies, the Investment Technology Group, …’

Read more at SMH.com.au

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