Dark pools are private exchanges for trading securities, often popular with institutional investors who want to execute large trades without unnecessarily impacting prices.
An FCA spokesperson confirmed the plans to Reuters.
“The truth is we have a lot more liquidity here than is often reported, and that’s just silly,” Walls told the FT. ‘We are currently talking to a lot of parties about whether the FCA can, at little risk to ourselves, step in and simply sort this out.’
The FCA’s plans are a stopgap solution, the FT reported, before the regulator is likely to launch its ‘consolidated tape’ for shares next year. This tape combines real-time data from various stock trading platforms into a single feed.
The proposals are part of a wider effort by the FCA to boost the appeal of the London Stock Exchange, which has been struggling with a decline in new listings and the shift of some existing companies to other exchanges, mostly in the United States, where managers believe they can get a better valuation. The UK’s updated framework for raising capital came into force in January, aiming to make it easier and cheaper for listed and private companies to raise equity. financing.
The FCA believes most UK market share liquidity data is under-reported because it is based only on the London Stock Exchange’s central limit order book and excludes many trades, including periodic orders at the LSE, the FT reported.
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