Much has been said and written in recent months about dark pools, and on Wednesday the chairman of Hong Kong Exchanges and Clearing threw his hat into the ring. Ronald Arculli is not in favour of such trading platforms, which only require prices to be published after a transaction is complete.
He set out his stall in a speech at the Foreign Correspondents' Club in Hong Kong titled 'Roles and Challenges of Stock Exchanges' click here for the full text. Highlighting the benefits of exchanges good risk management, transparency, liquidity fairness, a reliable infrastructure and central counterparty services, among other things, he said they demonstrated their worth during the...
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