Barclays facing $70m US trading fine

Barclays facing $70m US trading fine

Barclays is set to be fined $70m (£49m) for misleading investors about its US “dark pool” trading operations.
The UK-based bank has been accused of not making it clear to its clients that particularly aggressive traders, known as high frequency traders, were using the private platform.As well as the fine, Barclays is expected to admit to having broken the law and will agree to install an independent monitor to conduct a review of its electronic trading business.