Crossing
Charles River sees strong crossing demand in Asia
Published on July 25, 2008.There is a growing desire for trading off-exchange among buy-side traders in Asia’s key markets, according to Cameron Field, managing director, Asia Pacific, at trading technology firm Charles River Development.
Turquoise to report its own dark trades
Published on July 24, 2008.Turquoise, a pan-European multilateral trading facility scheduled for launch in August, will report trades executed in its non-displayed order book on its own dedicated facility, rather than using an external trade-reporting mechanism such as Markit BOAT.
PLUS gears new offerings towards institutional investors
Published on July 23, 2008.PLUS Markets Group (PMG), a London-based trading venue for small- and mid-cap stocks, is introducing two new enhancements to its service, aimed at attracting institutional order flow.
Fidelity connects to Goldman and UBS dark pools
Published on July 16, 2008.Fidelity Capital Markets Services, the institutional trading division of asset management firm Fidelity Investments, has added access to two broker dark pools to its DarkSweep liquidity aggregating algorithm and its CrossStream alternative trading system (ATS).
Nasdaq reports growth in dark trading on its book
Published on July 10, 2008.The volume of non-displayed US equities trades on the Nasdaq stock exchange increased in June, according to Nasdaq OMX market performance statistics for the month.
Crossing in Lehman’s dark pool breaks 100 million share barrier
Published on July 9, 2008.Investment bank Lehman Brothers’ LX proprietary crossing system hit a record volume of over 100 million shares on 1 July.
Pragma and Weeden launch new anti-gaming logic for dark pools
Published on July 7, 2008.Weeden & Co, a full-service US institutional broker, has teamed with financial software provider Pragma Financial Systems to offer second-generation anti-gaming logic for dark pools.
BATS adds Knight Link to dark liquidity partner programme
Published on July 3, 2008.BATS Trading, the US-based alternative trading system, has added dark pool Knight Link as a destination for its Dark Scan order type.
Dark pools that refuse to share will struggle
Published on June 30, 2008.European dark liquidity pools that are not open to connectivity will be left behind in traders’ quest for best execution, warns Kyle Zasky, managing director, Knight Capital and co-founder of US agency broker EdgeTrade.
UPDATE: Baikal to capitalise on growing OTC market
Published on June 27, 2008.Baikal, the new dark multilateral trading facility to be launched by the London Stock Exchange (LSE) and Lehman Brothers in Q1 2009, will aim to capture a piece of the growing market for executing orders in the dark.
