Tag: Dark pools

Canadian dark trading reached US$11 billion in February, the highest total ever recorded and over double the amount recorded in the same period last year, according to figures provided by Thomson Reuters.

Buy-side focused block trading platform Liquidnet has reported sharp increases in both US and European trading volumes for the start of 2012. In the US, Liquidnet traded a daily average of 1.2 billion shares in January, representing an 80% month-on-month increase. According to the firm, this outpaced overall m

Liquidnet has appointed a new COO and head of sales and trading operations in the US as the block trading platform seeks to boost its revenues.

Having been one of Asia’s key success stories in 2011, block trading venue Liquidnet will now focus on sustaining the momentum achieved this year with the introduction of new products that may include a version of the firm’s H2O service.

Exchange group NYSE Euronext has said its new US retail liquidity programme, which could be signed off by the Securities and Exchange Commission this Friday, is intended to entice more trading back to public markets and improve price discovery.

Agency broker Instinet Europe’s BlockMatch is to become the first dark multilateral trading facility to use a proprietary consolidated European best bid and offer as its reference price, following regulatory approval.

The European Commission today sought to clarify MiFID II proposals on allowing banks’ proprietary trading flow into their dark trading venues and also asserted that contentious rules on electronic trading and market making could be re-assessed.

The European Parliament’s Economic and Monetary Affairs Committee has issued a questionnaire on MiFID II ahead of its first meeting to discuss the new legislation, which has been confirmed for 5 December.

Confusing obligations in MiFID II are causing banks such as Swiss-based UBS to re-evaluate their dark trading offerings and could negatively impact execution choice for buy-siders.

Pipeline Financial Group, a US-based block trading platform operator, has announced the appointment of Jay Biancamano as its executive chairman, replacing Alfred R. Berkeley, who has retired from the firm.