82°

Topics

Investment Technology Group Incorporated
Barclays' dark pool shunned by clients after fraud case

Money managers and brokers are shunning Barclays' dark pool after allegations the bank lied to clients about whether they would be dealing with high-frequency traders, according to people with knowledge of the matter. Deutsche Bank, Royal Bank of Canada, Sanford C. Bernstein & Co. and Investment Technology Group Inc. are among brokerages that disconnected from the Barclays LX venue, said the people, who asked not to be identified because the decisions were private. Voya Financial Inc. also stopped sending orders to the dark pool after New York Atty. Gen. Eric Schneiderman sued the bank. A dark pool is a private forum for trading securities that is not openly available to the...

Loading