Plato asks firms to vote on platform partners
The Plato Partnership has unveiled a shortlist of candidates to build its trading platform.
Tag: Crossing Networks & Dark Pools
FCA plans dark pools investigation
The Financial Conduct Authority has confirmed the timeline for a thematic review on “conflicts of interests” in dark pools.
Dark pools impacting investor confidence – Deutsche Boerse
Insufficient regulation of dark pools is partly responsible for a lack of investor confidence in European capital markets, a Deutsche Boerse white paper has said.
UBS fined $14.4m by SEC
UBS is to pay a fine of more than $14.4 million after the US Securities and Exchange Commission found “disclosure failures” and legal violations from the operation and marketing of its dark pool.
Clearpool rolls out order aggregator
<p> Trading software group Clearpool has confirmed the “roll out” of its new order aggregator, designed to give its clients priority in execution queues. </p>
SEC urged to adopt standardised routing reports
Several US industry associations have written to the Securities and Exchange Commission (SEC) to outline the importance of brokers providing order routing details to the buy-side to increase market transparency.
JP Morgan favours conditional orders to execute more blocks
JP Morgan is the latest broker to refocus its electronic trading to help institutional investors execute more blocks with the introduction of a conditional order type.
Brokers give backing to Turquoise block launch
Turquoise’s Block Discovery service launched today with support from more than 10 brokers, which the multilateral trading facility attributed to high demand from buy-side firms.
ITG algo to seek good liquidity in bad pools
Agency broker ITG is adopting a new approach to dark pool trading with a new algorithm that will seek to find the best liquidity options across all pools rather than excluding ones that are widely considered “toxic”.
Buy-side braces for glut of new fixed income platforms
A new wave of fixed income trading platforms are set to launch in the coming months and, while they are each taking a different approach, all are targeting the buy-side as the key to unlocking liquidity.