Crossing Networks & Dark Pools Archive

Instinet Europe, the European arm of the agency brokerage owned by Japan’s Nomura Holdings, has connected to Smartpool, the non-displayed multilateral trading facility from exchange group NYSE Euronext. read more>

ITG, an agency broker and trading technology firm, will extend its product range to new European markets as part of its 2009 expansion plans. read more>

Smartpool, a European non-displayed trading venue operated by exchange group NYSE Euronext, has received approval from the UK Financial Services Authority (FSA) to launch on 2 February as planned. read more>

Broker-owned crossing engines have gained an unfair competitive advantage over traditional exchanges, according to exchange groups’ responses to a call by the Committee of European Securities Regulators (CESR) for evidence on MiFID’s impact on Europe’s secondary markets. read more>

NYSE Euronext, the global exchanges group, and BIDS Holdings, a broker-dealer and alternative trading system operator, have received approval from the Securities and Exchange Commission to launch a new block trading venue. read more>

Smartpool, a European non-displayed trading venue operated by exchange group NYSE Euronext, will start trading on 2 February 2009, subject to approval by the Financial Services Authority (FSA). read more>

Buy-side traders are struggling to align their execution capabilities with the objectives of portfolio managers because of the single-stock focus of trading tools and execution venues, according to a new report from research and consulting firm TABB Group. read more>

Trading solutions provider NYFIX has relaunched ioinet, the indications of interest (IOI) tool acquired by the firm last year when it purchased FIX solutions vendor FIXCITY. read more>

Liquidnet Europe, a non-displayed multilateral trading facility for European equities, is hoping to counter the expected tough conditions in 2009 by signing up new clients, pushing into new markets and adding new functionality, according to John Barker, managing director of Liquidnet Europe. read more>

The value of trades matched on NYFIX Euro Millennium rocketed to more than EUR 1 billion in December from around EUR 178 million in November, following a series of initiatives to boost activity in the European dark crossing network. read more>