European Investors Learn to Love Swimming in Dark Pools

The lights are dimming in Europe’s financial markets. Just as it has in the U.S., an increasing amount of Europe’s stock trading is migrating off public exchanges and into private venues known (unfortunately for them) as dark pools, where trades aren’t made public and prices aren’t reported immediately. Reliable data on dark pools can be tough to come by. The biggest one in the U.S., Credit Suisse’s Crossfinder, stopped reporting its data in April. Still, the available evidence points to a recent spike in the amount of trading that’s going off in the dark in Europe.