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). DarkSweep and CrossStream users can now trade on Goldman Sachs’ SIGMA X and UBS’ PIN ATS.
In addition to accessing the aggregated liquidity of Fidelity’s brokerage businesses, with nearly $2 trillion in assets and $3 billion of equity trading per day, clients can now access the combined liquidity of 28 third-party firms, according to Fidelity.
“In today’s competitive environment, access to non-displayed liquidity is critical to a firm’s ability to maintain anonymity and minimise the market impact of their trades,” said Mark Haggerty, president, Fidelity Capital Markets Services, in a statement. “By continuously expanding our liquidity network and providing clients with a single point of entry into the leading non-quoted venues, we are consistently achieving industry-leading fill rates – including over 50% for clients using DarkSweep.”