Australian dark pool rules shift liquidity back to the lit market

Decline in broker-dealer dark pool volumes after Asic introduces requirements for price improvement

dark pools

The implementation of dark pool and market integrity rules by the Australian Securities and Investments Commission (Asic) last year has resulted in a significant decline in the number of trades executed off exchange on broker-dealer dark pools, say market participants.

While dark pool flows have remained at around 25–30% of the total market flows, (28.1% according to the ASX's latest report on February 7), the Australian regulator had become increasingly concerned with flows driven by large

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here