C Suisse said in talks to settle dark pool claims

Bad Bonus Pool

Credit Suisse is in talks to settle allegations related to its Crossfinder "dark pool" trading venue, which could result in a fine running in the high tens of millions of dollars, the Wall Street Journal reported, citing people familiar with the matter.

Reuters reports that dark pools are broker-run trading venues that let investors trade shares anonymously and only make trading data available afterwards, reducing the chance of information leaking about trade orders.

The case against Credit Suisse include allegations that it facilitated unfair advantages for some traders, did not follow rules against pricing of stocks and was not able to properly disclose how Crossfinder works to investors, the WSJ said.

To access the complete Reuters article hit the link below:

Credit Suisse in talks to settle 'dark pool' allegations - WSJ

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