How Will Barclays (BCS) Stock Be Affected By Dark Pool Fraud Allegations?

NEW YORK (TheStreet) -- Shares of Barclays Plc (BCS) are up 1.72% to 14.80%  in pre-market trade as the bank sees investors and brokers cut ties with its stock-trading venue run from one of Wall Street's biggest so-called dark pools as the firm battles allegations of fraud and misleading its customers, the Wall Street Journal reports.

Barclays shares closed down -7.38% to $14.55 yesterday.

Broker-dealers, including Credit Suisse Group (CS), Deutsche Bank (DB), Royal Bank of Canada (RY), Sanford C. Bernstein & Co. and Investment Technology Group, Inc. (ITG) removed connections to the dark pool, called Barclays LX, from their routing systems yesterday, sources told the Journal.

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