Crossing Networks

Buy-side traders have heightened their scrutiny of order activity in broker dark pools in Europe and the US, but clearer guidelines from regulators may also improve transparency. read more »

Global financial services firm Deutsche Bank has launched an automated equity trading system in Hong Kong that allows client orders to be matched against other client and internal orders. read more »

Citi has confirmed that it plans to launch its internal crossing service in Singapore as the firm continues to build its electronic trading capabilities in Asia. read more »

The Committee of European Securities Regulators' proposals to make broker dark pools more transparent will not create a level playing field between trading venues, according to buy-side crossing network Liquidnet. read more »

The Committee of European Securities Regulators’ recommendations to the European Commission as part of its MiFID review have met with mixed responses from the industry. read more »

Attempts to improve the transparency of trading volumes in broker-owned crossing networks in Europe appear to need greater coordination following the publication of dark pool data for June 2010. read more »

Two broker-dealers have disclosed the value of trading in their European internal crossing engines in Q2, both reporting greater activity than the dark pools operated by multilateral trading facilities. read more »

The Volcker rule, which stipulates that US bank holding companies are not permitted to trade on their own books, could potentially trigger a shift in liquidity sourcing for bank-owned crossing networks. read more »

GETCO, a Chicago-based electronic market making and technology firm, has launched a European version of its dark pool. read more »

Japan-based investment bank Nomura has said it will open up its NX dark pool in Hong Kong to include all of its internal institutional flow from 21 June. read more »