Australia Says Dark-Pool Trading Venues May Require Licences

Australian dark-pool operators may need to obtain market licences under rules being considered by the government, the financial services ministry said in a statement.

Dark pools, private trading venues that don’t display prices or the identity of the parties, currently operate without licences, unlike the country’s public stock exchanges, ASX Ltd. and Chi-X Australia Pty. Rules being considered may also allow the Australian Securities and Investment Commission to regulate overseas firms that use some high-frequency trading strategies to trade in the market, the ministry said.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1096367/australia-says-dark-pool-trading-venues-may-require