Investment bank Credit Suisse and agency brokerage Instinet Europe have agreed to allow mutual access to each other’s dark pools. The firms believe the connection will provide additional liquidity and help clients to achieve best execution.
Access will be provided via the firms’ smart order routers and algorithmic trading platforms. Credit Suisse’s CrossFinder is now available to users of Instinet’s SmartRouter, while Instinet’s BlockMatch dark pool has been added to Credit Suisse’s smart order routing technology.
“Instinet is committed to vigorously pursuing its global policy to link to every viable source of liquidity,” said Instinet Europe CEO Richard Balarkas in a statement. “Our smart order routing technology is being continually enhanced to effectively interact with new trading venues as they emerge. In the spirit of MiFID, our mutual goal is simply to provide clients with the best possible execution and access to liquidity is key to achieving this end.”