Crossing Networks & Dark Pools Archive

US dark volumes reached a record high in April as equity market volatility fell, with pools that focus on institutional investors among those gaining, according to agency brokerage Rosenblatt Securities' monthly report. read more>

While the trend toward dark pool linkages is picking up in Asia, buy-side block-trading venue Liquidnet has thus far not felt the need to jump on the bandwagon given an average execution size of US$1.3 million. However, the firm does not rule out the possibility of linking to other dark pools when the right opportunities arise, said Lee Porter, CEO, Liquidnet Asia. read more>

Chi-X Japan, the proprietary trading system operated by Chi-X Global, has continued its steady growth with another record trading month in May. read more>

European regulatory proposals to implement a minimum size threshold for non-displayed trades could constrain choice and stifle innovation, according to new research from Credit Suisse. read more>

Dark pools, brokers' internalisation engines and block-trading mechanisms will play an increasingly important role in providing much-needed liquidity to Asia's buy-side, according to panellists at the 9th Asia Pacific Trading Summit held in Hong Kong on 25 May by FIX Protocol Ltd. read more>

Agency brokerage and technology provider Instinet has launched Instinet Canada Cross, a non-displayed alternative trading system for Toronto Stock Exchange-listed securities. read more>

Agency broker and trading solutions provider ITG has launched a new version of its Liquidity Filter technology, which it claims will help the buy-side trade large orders across multiple dark pools – including those containing toxic flow – with minimum information leakage. read more>

Pipeline, an agency broker and block trading venue operator, has confirmed that it plans a full launch of its system in Europe on 26 May. read more>

ITG, an agency broker and technology company, has added Turkish and Israeli equities to its POSIT dark pool. read more>

Dark pool trading made up over 5% of pan-European equity trading market share for the first time in April 2011, according to data provided by Thomson Reuters Equity Market Share Reporter. read more>