HK regulator fines BNP Paribas $1.9 mln for "dark pool" trading

August 3, 2015 9:14 AM

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HONG KONG Aug 3 Hong Kong securities regulator said on Monday it fined French bank BNP Paribas HK$15 million ($1.93 million) for failures related to "dark pool" trading.

The Securities and Futures Commission (SFC) said BNP Paribas Securities (Asia) Ltd's dark pool, known as BNP Internal Exchange, failed to execute orders based on price priority for almost 1-1/2 years. The firm also failed to inform the SFC it had stopped operations on the exchange for seven months, ...

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