The Tradetech Daily



Mona Jasani, head of marketingEmail: info@tradeonsmartpool.comTel: +44 (0)20 7379 2535

SmartPool is an exchange-led trading platform matching buyers and sellers in a non-displayed environment. Created by NYSE Euronext in partnership with HSBC, J.P. Morgan, and BNP Paribas, SmartPool provides institutional investors who want to trade promptly, anonymously and in bulk, the opportunity to carry out their transactions with reduced market impact, at the midpoint of the primary exchange and with access to a diverse community of European trading participants.

Functionality and order Types

All SmartPool orders are executed at an imported price (midpoint or closing price) up to a maximum of 4 decimal places. Orders are initially matched on a size/ time basis, with top priority given to internal deals.

Access and participation

SmartPool is open to all international professional market participants.

Instruments traded

SmartPool provides trading in all major blue-chip and selected mid-cap indices across 15 European equity markets, including stocks listed on the four NYSE Euronext European markets. Average execution size is €7,600 and an average of €84.3 million worth of shares were executed daily in the last three months.

Order protection

SmartPool offers a minimum acceptable fill, so an order of 200,000 shares, for example, could only be executed in blocks of 50,000. This prevents market participants discovering order flow, helps contribute to natural liquidity and discourages gaming.

Connectivity/sharing agreements

SmartPool does not have any liquidity sharing agreements in place.