Crossing Networks & Dark Pools Archive

SmartPool, the non-displayed multilateral trading facility (MTF) operated by exchange group NYSE Euronext, has migrated to the Universal Trading Platform (UTP), the group’s shared matching technology and connectivity point. read more>

Liquidnet Europe, a non-displayed buy-side-only crossing network, has had to change the basis under which it protects client orders from pre-trade transparency, following intervention by the Financial Services Authority, the UK financial regulator. read more>

Chi-East, a joint venture between trading venue operator Chi-X Global and the Singapore Exchange, has appointed LCH.Clearnet as the central clearing facility for its pan-Asian, non-displayed trading platform, scheduled to launch in mid-2010. read more>

CA Cheuvreux, the equity broking business of Credit Agricole, has connected to an additional five European dark pools, bringing the total number of non-displayed trading venues it accesses on behalf of institutional investors to 20. read more>

BlocSec, a pan-Asian non-displayed trading system owned by agency brokerage CLSA Asia-Pacific markets, is to remove its minimum order size requirements in a bid to attract greater liquidity to its platform. read more>

Ned Phillips has resigned from his position as CEO of BlocSec, a non-displayed trading platform owned by pan-Asian broker CLSA. read more>

Importing into Europe established US crossing engine models that mix retail and institutional flow may prove a challenge, but two operators of such systems – Knight Capital and Citi – believe they can rise to it. read more>

SmartPool, the non-displayed trading facility operated by exchange group NYSE Euronext, has added two large brokers as members of its platform and is proposing to integrate with NYFIX’s Euro Millennium dark pool, according to sources familiar with the situation. read more>

ConvergEx, a US agency brokerage and financial technology provider, has agreed to buy the US Transaction Services division of trading technology firm NYFIX, which includes the Millennium dark pool. read more>

Pan-European multilateral trading facility Chi-X Europe will reduce fees for adding liquidity to its Chi-Delta non-displayed trading platform from tomorrow. read more>