Off-exchange trade pools pose threat to UK equities market: FCA
Off-exchange trading, or "dark pools", poses a threat to the UK's equities market, according to a research paper by the Financial Conduct Authority (FCA). The financial services watchdog warned that market quality starts to deteriorate when the value of orders in dark pools reaches between 11% and 17% of total trading. The overall value of dark trading will not be allowed to overstep 8% for each stock after EU financial securities rules, known as Mifid II, come into effect next year.

By Richard Crump (August 4, 2017, 2:46 PM BST) -- Trading in controversial off-exchange venues known as dark pools could damage the U.K.'s equity market if the value of orders exceeds 17 percent of total trading, according to a research paper published by Britain's financial services watchdog....

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