Dark pools were hit by negative publicity Thursday on the back of the Barclays LX Attorney General suing Barclays over its market-leading NY pool, and from Michael Lewis's " Flash Boys ". One result of this was a massive increase in regulatory oversight and hence cost. This may have turned into a significant business opportunity, with Nasdaq being given permission to bring together One smaller pools under one roof, whilst allowing the owners to maintain independent branding. " Greifeld said. It"s apparent to us that a centralized organization running a series of dark pools, while giving independent firms the ability to customize it, can realize tremendous cost savings for them," said Nasdaq CEO Michael Lewis's .
Dark pools were hit by negative publicity Thursday on the back of the Barclays LX Attorney General suing Barclays over its market-leading NY pool, and from Michael Lewis's " Flash Boys ". One result of this was a massive increase in regulatory oversight and hence cost. This may have turned into a significant business opportunity, with Nasdaq being given permission to bring together One smaller pools under one roof, whilst allowing the owners to maintain independent branding. "It"s apparent to us that a centralized organization running a series of dark pools, while giving independent firms the ability to customize it, can realize tremendous cost savings for them," said Nasdaq CEO Michael Lewis's .