US-based broking house Knight Capital Group has added Nordic stocks to its Knight Link equities trading platform in Europe and launched algorithmic pairs trading capabilities for buy-side clients in the US. read more »
Crossing Networks
Wed, 2010-02-03 11:27
Citi joins dark pool reporting drive
Citigroup has become the latest investment bank to throw its support behind greater transparency of dark pools by reporting historical trading conducted on its internal crossing engine, Citi Match. read more »
Wed, 2010-01-27 09:00
Still greater light must be shed on dark volumes, say buy-side
European buy-side traders have welcomed recent steps by brokers to provide more transparency on dark pool trading activity, but more accurate real-time post-trade data remains a distant aspiration. read more »
Wed, 2010-01-13 10:18
Liquidnet invests in research company
Liquidnet, an operator of buy-side-only crossing networks, has invested in OTR Global Holdings II, the parent company of alternative research firm OTR Global. read more »
Tue, 2010-01-05 16:17
Pipeline launches new trading solution for buy-side
Pipeline Trading Systems, a US institutional brokerage and operator of the Pipeline block trading system for US equities, has launched Munitions Manager, a trading tool for the buy-side that is designed to minimise implementation shortfall losses. read more »
Wed, 2009-12-16 17:37
CESR unlikely to find European dark pool volumes above 4%
An investigation by the Committee of European Securities Regulators (CESR) is expected to find that dark trading currently accounts for no more than 4% of overall European equity trading volumes. read more »
Wed, 2009-12-16 12:17
Nomura move reopens dark pool debate
Nomura’s decision to reclassify its internal dark pool as a multilateral trading facility (MTF) has reignited the debate on how broker-owned crossing networks should be governed, with observers predicting regulatory intervention or increased liquidity sharing. read more »
Wed, 2009-12-09 13:26
Nomura reclassifies dark pool for commercial reasons
Nomura will become the first investment bank to register its crossing network as a multilateral trading facility (MTF) in January, which will open up the bank’s internal liquidity to the rest of the street. read more »
Wed, 2009-11-25 14:35
Liquidnet switches MiFID waivers after FSA talks
Liquidnet Europe, a non-displayed buy-side-only crossing network, has had to change the basis under which it protects client orders from pre-trade transparency, following intervention by the Financial Services Authority, the UK financial regulator. read more »
Wed, 2009-11-11 12:03
Retail-friendly crossing engines bid for success in Europe
Importing into Europe established US crossing engine models that mix retail and institutional flow may prove a challenge, but two operators of such systems – Knight Capital and Citi – believe they can rise to it. read more »
