The Traderszone Network

Published in TZ Latest News 16 October, 2014 by The TZ Newswire Staff

Exclusive: Wells Fargo to shut its ‘dark pool’ as demand falls

Wells Fargo (WFC.N) is closing down its alternative trading system, or “dark pool,” due to decreased customer demand, the company said on Thursday. The San Francisco-based bank will still offer its clients a full suite of electronic trading tools to help them execute orders, but will stop offering access to the company’s dark pool on Friday, a spokeswoman from the bank told Reuters. Dark pools are electronic broker-run electronic trading venues, and every big bank has one.

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