Barclays trade highest since ‘lying’ case

Barclays Plc saw the volume of US shares traded at its ‘dark pool’ rise to the highest since it was sued by New York for allegedly lying to customers of the venue. 

About 106m US shares were traded in the private-trading platform in the week of July 28, up 21% from about 87.6m in the previous week, according to data from the Financial Industry Regulatory Authority. That’s the most since 312m shares were traded in the week of June 23.

Britain’s second-largest bank is fighting allegations by New York attorney general, Eric Schneiderman that it falsified marketing materials to hide the presence of high-frequency traders at what used to be Wall Street’s second-largest dark pool.