U.S. stock exchanges and one of the world’s largest mutual fund companies called for greater public disclosure or elimination of obscure incentives and fees that lawmakers said favor the interests of high-speed traders over other investors.
BLOOMBERG TRADEBOOK Forges Dark Pool Transparency Agreements B-Dark is First Algorithm to Offer Real-Time Venue Transparency in Dark Pools Business Wire NEW YORK -- August 30, 2010 BLOOMBERG TRADEBOOK®, a leading global agency broker, today announced exclusive arrangements with leading industry dark liquidity providers to deliver full transparency and visibility of dark pool executions. Under the new arrangement, Tradebook can show traders where their orders are being filled, in real-time, providing additional insight that enables more informed decisions about where to direct order flow and discretionary trades. Tradebook also launched its B-Dark algorithm, which contains the first analytic to deliver real-time venue transparency in dark pools, allowing traders to execute dark liquidity orders with more control and visibility. “For far too long the buy-side has tolerated a critical lack of information
The U.S. Supreme Court agreed to consider whether companies and employees must pay Social Security taxes on severance compensation, accepting a case that may force the Treasury to give billions of dollars in refunds.