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My pleasure thanks.
So they are called dark pools institutions that -- large blocks of stocks outside the public exchanges and now comes word that regulators.
Want to shine brighter light on them out of -- working this story has been breaking details from our newsroom all day out of what you have now.
And that's right this is coming out of the Wall Street Journal report which Richard Ketchum is the chief executive it Sandra was interviewed and said that in 2013.
Did raise intending to increase its oversight.
Dark pools now one of the issues the dark pools in one of the legitimate uses of it are -- If you can trade huge volumes of stock -- you can avoid price manipulation.
On the public exchanges like New York Stock Exchange but to the downside.
The -- which operate the dark pools have privileged information.
And the question becomes do they protect that information or did they use it want to their own advantage they would could front run theoretically.
They could sell that information that would be another form of front running if someone used it -- there -- advantage in fact one firm in Boston was cited by the SEC for operating a dark pool and actually selling information are giving it.
To an affiliate that firm was five to 800000 dollars and since nobody is regulating or at least watching what happens in the dark pools this kind of situation -- of core it is a red flags for a lot of people and out Ketchum and Sandra are saying they're going to increase their oversight.
But not giving details as to how they'll do that.
Back to you are.
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