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CBOE chief says fewer 'dark' trades would benefit markets

from Chicago Tribune

The quality of U.S. stock markets will improve if regulators limit trading that happens outside of exchanges, the head of CBOE Holdings Inc. said after the company reported higher-than-expected quarterly earnings. The comments from CEO Ed Tilly, who runs the largest U.S. stock-options market, put more attention on the role of so-called dark pools after Terrence Duffy, executive chairman of futures exchange-operator CME Group Inc, said that regulators should look into dark markets. more

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