Dark pools Archive

Europe’s broker-owned dark pools or crossing engines will be more open to toxic flow and less able to provide price improvement if they are forced to register as multilateral trading facilities (MTFs), brokers claim. read more>

Agency brokerage and technology firm Neonet has introduced a new execution algorithm that consolidates dark liquidity. read more>

Dark pool operator Liquidnet recorded its highest month of activity in the Asia-Pacific region in August, with over US$1.1 billion of principal traded by its members on the platform. read more>

The London Stock Exchange (LSE) is due to start testing hidden order functionality on its markets from 7 September, with a view to launching the new order types to all participants towards the end of this year. read more>

Agency broker Instinet Europe has become the seventh liquidity partner for TQ Lens, the non-displayed liquidity aggregation service run by Turquoise, a pan-European multilateral trading facility (MTF). read more>

SmartPool, exchange group NYSE Euronext’s dark trading facility, is to extend its stock universe to mid-cap names, but some brokers warn that fragmentation could increase the cost of trading in less read more>

Trading platform operator Chi-X Global’s plans to establish a joint-venture dark pool in Singapore with the country’s national exchange could be followed by further similar initiatives in the region next year, according to John Lowrey, Chi-X Global’s CEO. read more>

The Singapore Exchange (SGX) and trading platform developer Chi-X Global have agreed to form a joint-venture non-displayed liquidity pool, which they aim to launch in the first half of 2010. read more>

BATS Europe will bring a new pricing model to the European non-displayed market when its dark pool is launched on Friday. read more>

BlocSec, an electronic non-displayed trading venue for Asian equities owned by agency brokerage CLSA Asia-Pacific Markets, has started offering offshsore trading in Australian equities, taking the number of markets it covers in the region to four. read more>