Barclays investors can sue as group over dark pool, judge rules

Investors claim Barclays Plc misstated the operation of its "dark pool," Barclays Liquidity Cross, where investors traded with near-anonymity.

PHOTO: BLOOMBERG

FEB 3, 20167:45 AM

[MANHATTAN] Investors claim Barclays Plc misstated the operation of its "dark pool," Barclays Liquidity Cross, where investors traded with near-anonymity.

Investors say Barclays concealed the amount of aggressive high-frquency trading in the dark pool and routed too many orders into it.

New York's attorney general sued Barclays in June 2014, claiming the bank concealed information about the dark pool operation.

Barclays American Depositary Shares dropped 7.4 per cent on news of 2014 suit.

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