Crossing Networks & Dark Pools Archive

US-based block trading platform operator Pipeline Trading Systems has announced a new name for the business, Aritas Securities, as part of the firm’s comprehensive restructuring effort following an investigation by the US Securities and Exchange Commission in October 2011. read more>

Liquidnet has appointed a new COO and head of sales and trading operations in the US as the block trading platform seeks to boost its revenues. read more>

Having been one of Asia’s key success stories in 2011, block trading venue Liquidnet will now focus on sustaining the momentum achieved this year with the introduction of new products that may include a version of the firm’s H2O service. read more>

Exchange group NYSE Euronext has said its new US retail liquidity programme, which could be signed off by the Securities and Exchange Commission this Friday, is intended to entice more trading back to public markets and improve price discovery. read more>

Agency broker Instinet Europe’s BlockMatch is to become the first dark multilateral trading facility to use a proprietary consolidated European best bid and offer as its reference price, following regulatory approval. read more>

The European Commission today sought to clarify MiFID II proposals on allowing banks’ proprietary trading flow into their dark trading venues and also asserted that contentious rules on electronic trading and market making could be re-assessed. read more>

The European Parliament’s Economic and Monetary Affairs Committee has issued a questionnaire on MiFID II ahead of its first meeting to discuss the new legislation, which has been confirmed for 5 December. read more>

Confusing obligations in MiFID II are causing banks such as Swiss-based UBS to re-evaluate their dark trading offerings and could negatively impact execution choice for buy-siders. read more>

Pipeline Financial Group, a US-based block trading platform operator, has announced the appointment of Jay Biancamano as its executive chairman, replacing Alfred R. Berkeley, who has retired from the firm. read more>

Institutional investors are bolstering their due diligence on dark pools in response to a recent sanction of a block-crossing venue in the United States. read more>