Big banks have started pulling their business out of Barclays' dark pool, after the British bank was sued by New York's top securities regulator for allegedly misleading institutional investors over its anonymous trading venue, The Financial times reported. Deutsche Bank, Credit Suisse and Royal Bank of Canada, asset manager Alliance Bernstein were among the institutions that withdrew from Barclays' dark pool on Thursday, the paper said. (on.ft.com/1liYksA)Barclays said any drop in trading volumes at LX might be due to a technical glitch.Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co, were not sending orders to Barclays' dark pool, the daily reported, citing people familiar with the companies.The New York State attorney general's lawsuit alleges that Barclays promised to get the best possible prices for customers looking to purchase or sell shares but instead took steps that maximized the bank's profits and executed nearly all of its customers' stock orders on LX instead of on exchanges or other venues that might have offered better prices.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 0.24% or $-0.14/share to $57.39. In the past year, the shares have traded as low as $50.06 and as high as $61.48. On average, 16117000 shares of JPM exchange hands on a given day and today's volume is recorded at 11854446.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 1.05% or $-0.34/share to $31.89. In the past year, the shares have traded as low as $23.83 and as high as $33.52. On average, 10869000 shares of MS exchange hands on a given day and today's volume is recorded at 10559861.
Royal Bank of Canada is a Canada-based banking company. Shares of RY traded higher by 0.86% or $0.6/share to $70.45. In the past year, the shares have traded as low as $56.95 and as high as $70.31. On average, 365059 shares of RY exchange hands on a given day and today's volume is recorded at 371053.
Royal Bank of Canada is a Canada-based banking company. Shares of RY traded higher by 0.6% or $0.45/share to $75.34. In the past year, the shares have traded as low as $59.93 and as high as $75.93. On average, 1726740 shares of RY.TO exchange hands on a given day and today's volume is recorded at 1619347.
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