https://tabbforum.com/opinions/from-beginning-to-n-what-the-history-of-regulations-from-reg-ats-to-form-ats-n-tells-us-about-the-future-of-dark-pools/
Craig Viani Liquidnet – “Based on the intensification of regulatory scrutiny in the past few years, it’s probable that the number of US dark venues will remain stagnant for a period of time. Additionally, with future rule changes such as proposed amendments to Rule 605 requiring greater granular statistical measures of execution quality17, we believe that it’s likely the competitive landscape will remain in a narrow band for the coming years.”
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