SmartPool, the non-displayed multilateral trading facility (MTF) run by exchange group NYSE Euronext, has signed up Swedish bank Skandinaviska Enskilda Banken (SEB) as its newest member and reported a number of market share records in key Nordic indices.
SEB joins SmartPool’s 18 existing members, which include Credit Suisse, Instinet Europe, ITG, Knight Capital Europe, Neonet and Nomura. The dark pool was created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas.
“As the largest broker on the Stockholm and Oslo stock exchanges, SEB further expands our reach into the Nordic markets,” said Lee Hodgkinson, CEO of SmartPool, in a statement.
The MTF offers trading in more than 110 Swedish, Finnish, Norwegian and Danish securities. Overall, SmartPool trades stocks from 15 European countries, including the four Euronext markets of Belgium, France, the Netherlands and Portugal.
SmartPool also achieved record non-displayed market shares in the Nordic markets in the first two weeks of March 2010, according to data vendor Thomson Reuters’ Equity Market Share Reporter service. The MTF had 10.4% of dark trading in the OMX Copenhagen 20 index, 7.3% of the OMX Helsinki 25, 9.3 of the OMX Stockholm 30 and 8.6% of the OBX (Oslo) index.
SmartPool’s pan-European dark market share was 1.86% in February 2010.