Tag: Dark pools

How long to leave an order in the dark?

The period of extreme volatility experienced by the global equity markets in Q4 2008 accentuated a dilemma habitually faced by buy-side traders that access liquidity via dark pools.

NYBX bids to take block trading out of the dark

US-based exchange operator NYSE Euronext and BIDS Trading, a broker-dealer and alternative trading system operator, hope to revolutionise block trading in the US with the New York Block Exchange (NYBX), their new dark pool joint venture.

Broker OTC venues create uneven playing field, say exchanges

Broker-owned crossing engines have gained an unfair competitive advantage over traditional exchanges, according to exchange groups’ responses to a call by the Committee of European Securities Regulators (CESR) for evidence on MiFID’s impact on Europe’s secondary markets.

NYSE and BIDS block trading venture approved by SEC

NYSE Euronext, the global exchanges group, and BIDS Holdings, a broker-dealer and alternative trading system operator, have received approval from the Securities and Exchange Commission to launch a new block trading venue.

Tora Compass provides access to Merrill Lynch dark pool

Buy-side clients of Tora Compass, an electronic trading platform for Asia, are now able to gain direct access to Merrill Lynch’s liquidity pool MLXN. The pool recently added access to liquidity for Hong Kong and Japan, and offers complete anonymity and full automation.

UPDATE: Turquoise to aggregate broker dark pools only

Equity trading platform Turquoise will introduce a pan-European dark pool aggregation service in the first quarter of 2009, subject to regulatory approval, but only intends to connect broker-backed dark pools.