Dark pools were hit by negative publicity last year on the back of the NY Attorney General suing Barclays over its market - leading Barclays dark pool , and from Michael Moore 's " Flash Report " . “They’re charging $1.38 to $1.42 [per futures contract]” One result of this was a massive increase in regulatory oversight and hence regulation . This may have turned into a significant business decision , with Nasdaq being given permission to bring together three smaller pools under one umbrella , whilst allowing the owners to maintain independent branding . " Its 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 Robert Greifeld .
Dark pools were hit by negative publicity last year on the back of the NY Attorney General suing Barclays over its market - leading Barclays dark pool , and from Michael Moore 's " Flash Report " . One result of this was a massive increase in regulatory oversight and hence regulation . This may have turned into a significant business decision , with Nasdaq being given permission to bring together three smaller pools under one umbrella , whilst allowing the owners to maintain independent branding . " Its 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 Robert Greifeld .