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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>
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>
Direct Edge, the US electronic communications network, has introduced two new order types that will allow its members to customise their access to dark liquidity. read more>
Euro Millennium, the European dark pool offering from US trading solutions provider NYFIX, has reported an increase in usage of its platform, which it puts down to a change in buy-side attitudes towards dark trading venues. read more>
Agency brokerage and technology provider BNY ConvergEx has integrated its ConvergEx Cross block crossing system with software developer Townsend Analytics’ RealTick execution management system (EMS). read more>
Investment Technology Group (ITG), an agency-brokerage and technology firm, has introduced a new crossing time for its POSIT Match network, allowing traders to target block liquidity at one of the most illiquid times of the day. read more>
The unprecedented volatility that has shaken the financial markets in recent weeks has given rise to more aggressive and opportunistic trading strategies by institutional investors. read more>
Investment bank J.P. Morgan has bought a stake in SmartPool, exchange group NYSE Euronext’s European dark pool, which is scheduled to launch in November. read more>
BIDS Trading, an alternative trading system (ATS) for the US equity block trading market, has connected to trading technology firm Charles River Development’s Investment Management System. read more>
NYFIX Millennium, the US dark liquidity venue, claims its record trading day last week is proof that firms are becoming more comfortable routing orders to dark pools. read more>