Crossing Networks & Dark Pools Archive

Agency broker Instinet is planning to make its new BlockMatch dark pool available to European clients by the end of June, according to Richard Balarkas, president and CEO of Instinet Europe. read more>

Liquidnet, a crossing network, has entered a liquidity-sharing arrangement with US trading platform BATS Trading. read more>

LiquidityPort is to launch an electronic block trading system (EBTS) for trading large orders in the US futures and options market. read more>

US investment bank Lehman Brothers has set a firm timeline for the roll out of its proprietary crossing network Liquidity Cross (LX), in the Asia-Pacific region. read more>

BNY ConvergEx, an agency broker, has launched the ConvergEx CrossBoard, a new method of finding block liquidity in its ConvergEx Cross block-crossing system. read more>

Trading solutions provider Townsend Analytics has added NYSE MatchPoint, the New York Stock Exchange’s dark block-trading facility, as a destination on its RealTick execution management system. read more>

Pragma Financial Systems, a New York-based quantitative financial technology provider, has appointed Roderick Covlin vice president of operations – a newly created position. read more>

Investment bank Morgan Stanley has launched NightOwl, a new algorithm that navigates select dark liquidity pools and quoted markets. read more>

Global investment bank Lehman Brothers has added new products and services to its electronic trading platform in the Asia-Pacific region. read more>

BNY ConvergEx’s new dark pool trading desk has been launched in response to urgent US client demand, Carey Pack, CEO at BNY ConvergEx Execution Solutions, told theTRADEnews.com. read more>