Dark pool applications proceeding, says SFC's Ashley Alder

Hong Kong’s securities regulator says it is “moving forwards” with approving applications from prospective operators of dark pools that could open more of these unlit alternative trading venues to professional investors. The Securities and Futures Commission (SFC) has not approved any such applications for some time due to outstanding issues and debates about retail investor protection, says SFC chief executive Ashley Alder, although he expects pending applications to be higher pr…