What Specific Regulations Govern Traditional Dark Pools That Crypto OTC Desks Typically Avoid? ▴ Learn

What Specific Regulations Govern Traditional Dark Pools That Crypto OTC Desks Typically Avoid?

Traditional dark pools in the US are subject to Regulation ATS (Alternative Trading Systems) and Regulation NMS (National Market System). These rules mandate specific transparency requirements, such as post-trade reporting and fair access rules.

Crypto OTC desks, depending on their jurisdiction and operation, often fall outside the scope of these strict securities regulations, leading to less regulatory scrutiny and different operational requirements.

What Regulatory Differences Exist between Dark Pools and OTC Trading in Traditional Finance, and How Does This Apply to Crypto?

What Legal Framework Governs the Novation Process in Major Derivatives Markets?

How Do Regulatory Frameworks like Dodd-Frank or MiFID II Impact the Mandatory Clearing of OTC Derivatives?

How Do ‘Reg NMS’ Rules in the US Attempt to Limit Latency Arbitrage in Traditional Markets?