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TM Online

Traders Magazine, July, 2008

Credit Suisse Lobbies to Expand Access

June 13, 2008

Credit Suisse wants in. The big brokerage has gone to Washington to lobby for expanded access to dark pools. The firm, one of the largest in electronic trading, is petitioning the Securities and Exchange Commission to reform the 10-year-old fair access rule of Regulation ATS.

Credit Suisse hopes a change in the rule will make it easier to expose its customers' orders to the dark pools of its competitors. While accounting for only about 6 percent of overall industry volume, dark pools are steadily growing in size and stature.

"One of the problems with dark pools is that unlike ECNs and exchanges, they don't have to let everybody in," Dan Mathisson, head of Advanced Execution Services at Credit...

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