Communication in Economics Article Example | Topics and Well Written Essays - 500 words

Communication in Economics - Article Example â€Å"Dark pools† simply means the simulated exchanges that are created by banks through conjuring with big potential clients to buy or sell massive deals without changing the price as per the current financial market prices. These side deals are effectuated privately for the selfish benefits of the culprits in the banking industry and the deceitful clients. The main purpose of this vice is to cushion the clients from the possible losses of the main exchanges in a quest to reap profits that are equally shared by both perpetrators (Iniman para 1). The truth about dark pools is that it is a highly profitable venture. The illegality about it reveals that the sector is money-spinning occasioned by different transactions. The most predominant selling venture in â€Å"dark pools† is the attraction of massive share slugs that usually pools established shareholders into buying shares or trading their shares (Iniman para 3). However, there are no legitimate standards that are followed in these transactions of shares. The financial data about these transactions is only relayed to the public after the business is completed. The opportune reporting, which is done after the completion of the transaction, is always a tactical move to ensure that the perpetrators are not affected by the price. This is because an early report about the shares transactions usually raises attention to the truthful stakeholders in the industry to fluctuate the price basing on the buyers and sellers willingness to transact (Iniman para 3). The bigwigs who indulge in these illegal transactions are currently overriding in the U.S and Europe banking quarter. They utilize â€Å"dark pools† as a smokescreen on their way to raking millions of dollars from the shares business with no fear of making loses because of the nature of operations (Iniman para 3). It is palpable that most