Dark pool operators face up to new regulatory attention

Caps and limits likely for private exchanges

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The spotlight fixed on the dark pool industry over recent weeks has come as something of a shock to a section of the industry used to existing away from the public gaze. The publication of a new book, Flash Boys, by former Wall Streeter Michael Lewis, has attracted intense regulatory and public attention to the negative aspects of both high-frequency trading and dark pools. But the book also invoked fury from some in the industry who see only misrepresentation and oversimplification of a complic

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