The newspaper reports that the probe comes a month after Schneiderman sued Barclays for allegedly lying about the presence of predatory traders in its dark pool. The bank denied wrongdoing and has asked a judge to dismiss the suit.
Regulators are taking a closer look at dark pools — lightly regulated alternative trading systems — because of concerns that high-frequency traders are leveraging them to their advantage.
Credit Suisse is the operator of the largest bank dark pool in the US, accounting for about 14% of all trades, according to data from the Financial Industry Regulatory Authority.
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