Tension between exchanges and banks over the role of “dark pools” in the markets trading looks set to spread to Asia after SGX, the Singapore exchange, criticised the banks’ dark pools as “opaque” systems that prevent investors from seeing prices. Sutat Chew, SGX head of market development, said that politicians should distinguish between broker-led and exchange-led dark pools. He spoke as SGX, in joint venture with Chi-X Global, an operator of alternative share trading systems, prepares to launch Asia’s first exchange-backed dark pool.

This entry was posted by Gwen Robinson on Monday, November 16th, 2009 at 4:38 and is filed under Capital markets. Tagged with Chi-X, sgx. Edit this entry.