The Model Room ยท MR-045
The Dark Pool Was Marketed As Protection From Predators. It Was Full Of Them.
Barclays marketed its dark pool, Barclays LX, as a safe haven from predatory high-frequency trading, but in reality, it was filled with aggressive trading activity. New York Attorney General Eric Schneiderman's 2014 lawsuit accused the bank of misrepresentation, ultimately leading to a $70 million settlement.
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