The Financial Industry Regulatory Authority, self-funded Wall Street regulator, is weighing new rules for private trading venues, also known as dark pools.
The rules will aim at improving transparency at broker-run alternative trading systems as well as among firms that use algorithmic trading strategies.
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The proposed rules calls for expanded trade reporting, clock synchronization and the supervision of algorithmic trading strategies.
The regulator will weigh a new set of rules at a meeting on 19 September 2014.
A proposal that would require trading platforms, including so-called dark pools, to provide additional details about buy and sell orders will also be discussed at the meeting.
The proposals come amid increased concerns about the rise of off-exchange trading and the expansion of algorithmic trading.
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By GlobalData
