Thursday, October 16, 2014

Dark Pools Said to Rebuff Orders Amid U.S. Volume Surge - Bloomberg

Dark Pools Said to Rebuff Orders Amid U.S. Volume Surge - Bloomberg: "Three of the largest dark pools told customers to trade elsewhere during at least part of yesterday’s session as concern about Ebola and global economic growth spurred the busiest day for U.S. stocks in three years.

Goldman Sachs Group Inc. (GS), Credit Suisse Group AG (CSGN) and UBS AG (UBSN) told some clients to temporarily stop sending orders as volume surged, according to five people with knowledge of the matter who spoke on condition of anonymity. The instructions came as the broader market processed 11.9 billion shares, the most since Oct. 27, 2011, according to data compiled by Bloomberg."



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