ZURICH-- Credit Suisse AG said on Thursday that regulators have
asked it for information about its alternative trading platform as
a probe into high-frequency trading and "dark pool" trading venues
expands.
Zurich-based Credit Suisse said it was cooperating with "various
governmental and regulatory authorities" regarding its alternative
trading systems.
The bank gave no more details about who is conducting the
investigations.
Switzerland's second-largest bank by assets also said it is
among 30 defendants named in lawsuits filed with the U.S. District
Court for the Southern District of New York. The complaints are
related to alleged violations of U.S. securities laws related to
high-frequency trading, the bank said.
Earlier in the week, UBS AG and Deutsche Bank AG said they were
cooperating with authorities investigating so-called dark pools
which are securities markets that allow investors to buy and sell
shares in an anonymous manner to hide their trading activity from
rivals.
Last month, New York Attorney General Eric Schneiderman filed a
lawsuit alleging that Barclays PLC favored high-frequency traders
in its dark pool and misled other clients about their
participation. Barclays has contested the claim.
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