Historic Volume Surge Forces Deutsche, Morgan Stanley To Shut Down Dark Pools

by Tyler Durden
ZeroHedge.com
Jun 24, 2016

Following a historic surge in volume after the Brexit referendum, which sent bid/ask spreads soaring and led to a disorderly market at the European open, Deutsche Bank AG temporarily shut off outside market makers in its dark pool, SuperX. The bank told outside market makers that they would be prohibited from trading in SuperX on Friday, until the bank notified them it was ready to resume. Morgan Stanley’s dark pool was likewise turn “off” this morning as ATS operators scrambled to make sense of the broken market.

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