Tag: Crossing Networks & Dark Pools

New Aussie dark pool lowers market impact by a third

Goldman Sachs’ newly-launched Sigma X dark liquidity pool in Australia has seen a reduction in market impact costs by up to 30%, with estimated cost savings rising above 40% for small and mid-cap names.

Liquidnet reveals SLS trading figures

Block trading network Liquidnet claimed its partnership with SIX Swiss Exchange made it one of the largest dark pools for Swiss equities in February, with turnover on the SIX Swiss Liquidnet Service reaching €970 million.

Popularity boost for Asian dark pools yet hurdles remain

Recognition is growing in Asia of dark pools as a source of improved execution performance, but the fragmentation of the region’s markets will continue to pose hurdles to their growth, believe market participants.

Liquidnet hits record Australian volumes

In a market where block trading is the norm, global institutional trading network Liquidnet has experienced record volumes, while the national exchange’s venue falters.

Instinet first to float EBBO in dark pool

Agency broker Instinet’s BlockMatch dark pool has added a consolidated pan-European price feed as it reference point for matching trades and now offers buy-side clients more flexibility on the price at which their trades are executed.

Pipeline rebrands as Aritas Securities

US-based block trading platform operator Pipeline Trading Systems has announced a new name for the business, Aritas Securities, as part of the firm’s comprehensive restructuring effort following an investigation by the US Securities and Exchange Commission in October 2011.