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Exclusive: Wells Fargo to shut its 'dark pool' as demand falls
Exclusive: Wells Fargo to shut its 'dark pool' as demand falls

NEW YORK (Reuters) - Wells Fargo is closing down its alternative trading system, or "dark pool," due to decreased customer demand, the company said on Thursday. The San Francisco-based bank will still offer its clients a full suite of electronic trading tools to help them execute orders, but will stop offering access to the company's dark pool on Friday, a spokeswoman from the bank told Reuters. "Our products are customized to fit client trading objectives and the products we offer are aligned with client demand. Effective October 17, our product suite no longer includes the Wells Fargo Liquidity Crosser," the bank said in a statement. Dark pools are electronic...

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