Tag: Crossing Networks & Dark Pools

Markets operator Deutsche Börse is adding a €100,000 threshold to its Xetra exchange tie-up with Liquidnet after numerous brokers pulled liquidity from the dark pool in recent weeks.

Institutional trading network Liquidnet has extended its commission management services to its European members.

BATS Chi-X Europe saw its highest market share so far this year in July, accounting for 18.03% of total European volume according to figures from Thomson Reuters Equity Market Share Reporter.

Buy-side block trading network Liquidnet has continued to show growth in trade volumes, particularly in Asia, which its CEO has linked to a resurgence in the popularity of cash equities over fixed income products.

A move to increase public reporting of dark pool volumes by US regulators could lead to greater understanding of the execution venues, which would inform key regulatory initiatives.

A deal with Deutsche Börse should provide useful additional liquidity to Liquidnet's buy-side members, the institutional trading network has said.

Proposals to limit off-exchange stock trading volumes could drive investors away from Europe, Seth Merrin, CEO of Liquidnet, operator of an institutional block trading platform, has warned.

Last week's cash market report from the Australian Securities Exchange appears to show a sharp decline in dark pool volumes following new rules on price improvement introduced at the end of May by the Australian Securities and Investments Commission.

Brokerage and trading services provider ConvergEx has upgraded the infrastructure behind its US alternative trading system Millennium ATS, claiming to have reduced latency by 75%.

The impending MiFID II regulation will effectively cease broker crossing networks in Europe, causing unprecedented upheaval to trading processes and the technology that underpins them, an expert has warned.