The Price of Opacity: The Pipeline Trading Controversy and the Pivot to Aritas Securities
The Fallout: Shattered Trust in the Dark Pool Ecosystem In late 2011 and early 2012, the institutional trading landscape witnessed a watershed moment regarding transparency in opaque markets. Pipeline Trading Systems, once a prominent electronic brokerage and dark pool operator, found itself at the center of a severe regulatory and reputational crisis. In October 2011, […]








