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Although liquidity aggregation is rapidly moving up the buy-side agenda in Asia, brokers continue to take a cautious and selective approach towards the sharing of dark pool liquidity with other providers. read more>
Three months after a New York judge ruled on their five-year patent dispute, ITG and Liquidnet have decided to withdraw from further legal action and reach a compromise on the use of the 'blotter scraping' technology deployed in both firms' crossing networks. read more>
Liquidnet Australia, the operator of a buy-side focused block-crossing platform, has confirmed the resignation of one of its co-heads. read more>
Bulge-bracket broker Goldman Sachs is planning to launch a non-displayed alternative trading system in Canada, SIGMA X Canada, designed to reduce market impact for users. read more>
European dark pools reached a record proportion of pan-European value traded in January 2011, with total dark pool activity estimated at between 3.5-4.5% of consolidated turnover. read more>
Liquidnet, an agency broker and block-trading venue operator, has announced the appointment of Andrew Geissler to its equity capital markets team, to facilitate issuer access to institutional investors. read more>
Liquidnet, the buy-side focused block trading venue, has been integrated directly into technology vendor Fidessa's Execution Management System Workstation trading platform for equities, in a link that will simplify buy-side access to the dark pool. read more>
European dark multilateral trading facilities sustained their strong start to the year, trading €22.32 billion of equities in February, over double the €11.02 billion traded in the same month last year, according to data provider Thomson Reuters. read more>
Instinet Europe, an agency broker, has connected to exchange group Nasdaq OMX's non-displayed trading facility Nordic@Mid, which offers dark trading on stocks listed on cash equity markets in Copenhagen, Helsinki, Reykjavik and Stockholm. read more>
ITG, an agency research broker and financial technology firm, has announced that average daily volume in its POSIT crossing network was 96 million shares in January 2011, a 26% increase over the fourth quarter of 2010 and a new monthly volume record. read more>