Barclays and Credit Suisse have agreed to pay tens of millions of dollars each to settle charges that their so called "dark pool" trading platforms gave unfair advantage to high-speed traders who used them.
The settlement was reached with New York Attorney General Eric Schneiderman and the Securities and Exchange Commission. Barclays agreed to pay $70 million, which Schneiderman said is the largest penalty ever levied on a dark pool operator.
Barclays, Credit Suisse settle charges of helping high speed traders - Feb. 1, 2016
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