Crossing Networks & Dark Pools Archive

November 27, 2008

FSA will not stand in the way of LSE’s dark order plans

The Financial Services Authority (FSA), the UK’s financial regulator, has said it will not oppose the introduction of a new dark order type by the London Stock Exchange (LSE). read more>

November 25, 2008

Liquidnet and NYSE Arca to share liquidity

Liquidnet, a buy-side only crossing network, has added NYSE Arca, a subsidiary of US exchange group NYSE Euronext, to its list of streaming liquidity partners (SLPs) on its H2O service. read more>

November 25, 2008

Knight Capital sets out European dark pool strategy

Knight Capital, a US-based trade execution and asset management service provider, is to offer Knight Link, the firm’s dark pool offering, in Europe. read more>

November 24, 2008

Bloomberg upgrades IOI tool

Market data and trading solutions provider Bloomberg has enhanced the indications of interest (IOI) and trade advertisement feature of its Sell-Side Execution and Order Management System (SSEOMS). read more>

November 21, 2008

Deutsche Börse cuts block trading costs with mid-point matching

Deutsche Börse, the German exchange group, has introduced a new function on its closed order book that offers automatic order execution at the mid-point of the bid/ask spread. read more>

November 18, 2008

Goldman Sachs adds new dark trading features to EMS

Investment bank Goldman Sachs’ electronic trading division has released a new version of REDIPlus, its execution management system, which includes new algorithms, enhanced derivatives trading capabilities and new ways to access Goldman’s SIGMA X dark pool. read more>

November 17, 2008

Tora adds BlocSec to its Compass trading platform

Tora Trading, an Asian electronic trading solutions provider, has connected its TORA Compass trading platform to Asian dark pool BlocSec. read more>

November 13, 2008

LSE close to Baikal decision

The London Stock Exchange (LSE) is evaluating proposals from several firms to provide technology to Baikal, its dark pool, after the collapse of Lehman Brothers in September prompted the exchange to abandon partnering with a single broker. read more>

November 10, 2008

Brokers light the way in the dark

Bulge-bracket brokers are morphing the accepted perception of dark pools by using their own internal non-displayed venues for more than just large ‘block’ trades, according to Justin Schack, vice president of US boutique brokerage Rosenblatt Securities. read more>

November 06, 2008

Liquidnet responds to crossing demand in Singapore

Liquidnet responds to crossing demand in Singapore

Liquidnet, the buy-side-only crossing network, is to open an office in Singapore this month following a surge in demand for crossing in the country among its buy-side members. read more>