Tag: Crossing Networks & Dark Pools

The Australian Securities Exchange has clarified dark pool trading statistics first revealed in a submission to regulators calling for stricter off-exchange trading regulation.

Block crossing venue provider Liquidnet has begun the European rollout of Liquidnet Dark, its dark aggregation algorithm, to buy-side clients after 18 months of testing.

Agency broker ITG has brought its crossing network POSIT to Indonesia and expects local brokers to add liquidity to the network before the end of the year.

The Australian Securities Exchange has urged regulators to rein in dark trading, after revealing the practice accounted for around 25% of all Australian equity market executions in the first six months of 2012.

SIX Swiss Exchange and Liquidnet, the global institutional block trading network, have announced they will now offer block liquidity in six more European markets through Liquidnet’s block trading execution platform.

Institutional investors can now use buy-side crossing network Liquidnet to trade Turkish stocks, following the platform’s connection via a local broker to the Istanbul Stock Exchange.

Buy-side market participants should be aware that not all longer-term trading strategies are benign and that executing against them may be detrimental, according to a new study by Credit Suisse.

Dark pools both in Europe and the US have lost market share in recent months due to high volatility, according to a new report by agency broker Rosenblatt Securities.

The growth in dark pools in Australia could prove to be “detrimental” to the market if left unchecked by regulators, according to an Australian think tank.

The dark multilateral trading facility operated by Swiss bank UBS was the largest in Europe last month, grabbing almost a quarter of the region’s dark trading, according to data from Thomson Reuters.