Shedding light on the ASX's dark pools

ASX chief Elmer Funke Kupper has highlighted the growth in high-frequency trading and dark pools in the US and in Australia. The question is: do we want markets run for the benefit of only a select few?

Elmer Funke Kupper asked himself a loaded rhetorical question today. After eight months as chief executive of the ASX, who are the winners from the new competitive securities market structure that has been created by Chi-X’s cracking of ASX’s traditional monopoly?

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