Crossing Networks & Dark Pools Archive

Squawker, a block trading negotiation market for the sell-side, has integrated trading technology vendor Fidessa’s order management system into its platform. read more>

Fidelity Capital Markets, the institutional trading and execution division of Fidelity Investments, has launched a new US dark pool incorporating retail liquidity. read more>

New rules limiting dark pool use in Canada have had an immediate impact on non-displayed volumes, according to figures from boutique brokerage Rosenblatt Securities. read more>

Retail trading practices in the US are undermining displayed market quality, with a new study suggesting brokers who serve retail flow should offer a greater degree of price improvement. read more>

Nomura has laid out plans to decommission its NX dark multilateral trading facility as part of the transfer of the bank’s equity execution business to its agency brokerage subsidiary Instinet. read more>

Disagreement between the Council of the European and the European Parliament on new organised trading facilities are likely to dominate the final stages of MiFID II development. read more>

Last Friday, the Australian Securities Exchange’s VolumeMatch service was officially discontinued, ending one of the bourse’s first forays into services intended to help it effectively compete in a multi-venue market. read more>

US institutional investors are concerned about the market quality implications of growing off-exchange trading volumes, but are unclear on how much of their own trades are executed in the dark, according to TABB Group. read more>

Broker crossing networks such as Credit Suisse’s Crossfinder and other alternative dark venues are gaining traction in Japan, although future technological improvements on the Tokyo Stock Exchange and potential regulatory restrictions may provide challenges down the road. read more>

Equity market participants believe planned new rules restricting high-frequency trading are the biggest threat to liquidity across European markets, according to the latest poll results from theTRADEnews.com showing traders' continued concern of impending regulation. read more>