Goldman Sachs has announced that it plans to use a subset of the flow from its European internal crossing engine SIGMA to launch a dark multilateral trading facility, citing commercial motivations.
Investment bank Morgan Stanley has widened the use of its Trajectory Cross dark pool to help clients reduce point-in-time and gaming risk for equity trades.
Equity block trading venue Liquidnet has launched in Malaysia and plans to open in Indonesia very soon, following record growth in its Asia-Pacific business this year.
Swiss central counterparty SIX x-clear has signed an agreement with buy-side crossing network and agency brokerage Liquidnet to provide clearing services for its streaming liquidity participants in seven new markets.
Liquidnet, an equity block trading venue that covers 37 markets, has reported record growth in Asia-Pacific this year, already surpassing the annual total traded in 2009.
Buy-side crossing network and agency brokerage Liquidnet has expanded its trading operations to include listed securities from Israel, becoming the first block trading venue to offer direct electronic access to a Middle Eastern market.
With dark pool aggregation slowly taking shape in Asia, buy-side traders are seeing the development as a significant step towards rebuilding liquidity across the region's fragmented markets in the longer term.
Asian trading technology provider and agency broker Tora has connected MLXN, the dark pool operated by Bank of America Merrill Lynch, to its TORA Crosspoint off-exchange liquidity venue, which trades Japan-listed securities.