The French bank has been landed with a HK$15 million bill after Hong Kong's securities regulator uncovered serious failures in its dark pool operations.
Some investors are asking for more information from their managers about dark pools following recent US investigations into these alternative trading venues.
Following the failure of two recent ventures by Australia Securities Exchange, an executive from the bourse warns that the success of new platforms depends on drawing liquidity together.
The firm will be better able to source block liquidity in Asia as a result, says regional head equity trader Lee Bray. Meanwhile he is relaxed about potential curbs on dark pool usage.
Other Asian regulators would do well to follow recent proposals made by the Australian securities watchdog, argue some market participants.
The head of Hong Kong’s securities regulator says it is processing dark pool applications again after a hiatus amid concerns about retail investor protection.