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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>
Liquidnet, the buy-side focused block trading venue, has reported record volumes in Asian equities during January 2011, as alternative sources of liquidity continue to gain traction in the region. read more>
Canadian alternative trading system provider Alpha Group aims to launch a redesigned dark pool in Q2 2011, following alterations prompted by a regulatory review. read more>
Liquidnet, the non-displayed multilateral trading facility for equity block trades, has stated that a trio of proposals in the MiFID review could significantly raise trading costs for its institutional investor clients. read more>
Proposals by the European Commission to curb trading activity in broker crossing networks could put the future of such platforms in jeopardy. read more>
SmartPool, the dark multilateral trading facility operated by NYSE Euronext, has teamed up with Penson Financial Services, the London-based clearing unit of Penson Worldwide, to offer mid-tier brokers a cost effective method of trading in the dark. read more>
Warnings about the negative effects of size thresholds for dark orders on execution performance - made in response to the MiFID II consultation conducted by the European Commission - have been supported by broker research. read more>
Dark pools are expected to take a larger share of US equity trading volumes in 2011 following a 30.7% increase last year, but further rises may be stymied by a long-awaited regulatory clampdown. read more>