Cboe CEO Edward Tilly said regulators need to scrutinize dark pools as much as exchanges.
Cboe Global Markets' CEO Edward Tilly, in an interview with Business Insider, said regulators need to give more attention to dark pools.
Dark pools, which are used by firms to anonymously trade large blocks of stock, saw a 50% increase in trading volume from 2009 to 2018. Tilly said traditional exchanges have gotten an unbalanced amount of regulatory scrutiny despite dark pools' growing market share. The Securities and Exchange Commission has increasingly shown an interest in how stock exchanges operate recently, but Cboe Global Market's CEO Edward Tilly thinks it's time to spread the scrutiny.
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