Dark Pools News

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  • ConvergEx Reduces Latency of Millennium ATS By 75%
    By Ivy Schmerken | May 22, 2013
    Sell-side firm revamped the infrastructure behind Millennium ATS to support the needs of low-latency and immediate or cancel (IOC) customers.
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  • Barclays Commits to Reporting Volumes of Dark Pool
    By Ivy Schmerken | May 20, 2013
    The investment bank confirms its plan to continue reporting volumes in its dark pool LX, on a monthly basis, following the decision by the No. 1 dark pool operator Credit Suisse to go dark.
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  • Nasdaq OMX Launches ETF Exchange
    By Phil Albinus | April 30, 2013
    The market maker has recast one of its three exchanges for the trading of exchange-traded funds. Just in time as it takes on dark pools before the SEC.
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  • PDQ Enterpises Inks Deal with Orbis Systems
    By Ivy Schmerken | April 01, 2013
    Retail institutional clients will gain direct access to PDQ's ATS and "electronic algorithmic trading crowd" via the Orbis trading platform.
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  • Dark Pools Grab Market Share —Rosenblatt Report
    By Ivy Schmerken | February 28, 2013
    A sharp decline in volatility in January set the stage for dark pools to gain market share in January, especially those focusing on institutions and block trading, according to Rosenblatt Securities' report.
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  • Dark Trading Benefits Stocks Until 50 Percent Threshold— Study
    By Ivy Schmerken | November 19, 2012
    A study conducted by CFA Institute of undisplayed trading in dark pools and via broker-dealer internalization found that market quality deteriorates once more than 50 percent of stock's volume is traded in the dark.
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  • SEC Fines Boston-Based Dark Pool For Not Protecting User Info
    By Justin Grant | October 03, 2012
    The regulator said eBX LLC improperly shared its subscribers' unexecuted orders with an outside technology firm.
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  • Citi Launches New Dark Pool Defying Latency Race
    By Ivy Schmerken | October 01, 2012
    The bank launched Citi Cross, which it says is the first dark pool to offer buy and sell-side clients a more equitable allocation, not based on their queue position.
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  • Bloomberg, BIDS Trading, Team On U.S. Liquidity Capture Service
    By Justin Grant | September 19, 2012
    The firms announce the start of an alliance that will create a deep liquidity pool in market that's been plagued by fragmentation.
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  • Hedge Fund Veteran Named Options IT Head of Technology
    By Phil Albinus | May 07, 2012
    With more than 25 years of experience, Ian Bowell has been appointed as the firm's new Head of Technology in the Americas.
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  • Trading Volumes at Liquidnet Handily Top the Broader Market
    By Justin Grant | April 11, 2012
    The dark pool operator said a growing number of U.S. institutional investors are turning to its venues to access liquidity, while volumes sag elsewhere.
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  • Following Scandal, Pipeline Switches Name to Aritas Securities
    By Justin Grant | January 18, 2012
    The firm said the name change reflects significant operational changes for the company, which had been the first dark pool to ever find itself in hot water with the SEC.
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  • Liquidnet Names New COO in Bid to Boost Revenues
    By Justin Grant | January 09, 2012
    Liquidnet, a firm that enables institutions to anonymously trade large blocks of stock, is looking to give revenues a shot in the arm through two executive appointments.
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  • SunGard Connects with GETCO's European Crossing Network
    By Ivy Schmerken | October 31, 2011
    GETMatched crosses brokers orders with passive flow from GETCOs European market-making operation.
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  • ConvergEx Launches Portfolio Algo
    By Ivy Schmerken | October 19, 2011
    ConvergEx is offering Spectrum, a new algo, to help portfolio managers precisely manage risk and cash balances, while executing in domestic dark venues.
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  • State Street to Acquire Pulse Trading
    By Ivy Schmerken | September 21, 2011
    Financial services giant snatches up Pulse's block trading and blotter sweeping technology, thereby expanding the number of execution venues open to its institutional clients.
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  • Institutional Traders Concerned About HFT —Liquidnet Survey
    By Ivy Schmerken | September 12, 2011
    Two-thirds of Liquidnet's institutional clients in North America indicated they were concerned about high frequency trading's impact.
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  • ConvergEx Algo Hunts Dark Liquidity in Europe, Asia
    By Justin Grant | September 07, 2011
    ConvergEx Group announced it beefed up its liquidity-seeking algorithm Darkest to enable traders to simultaneously access most of the dark liquidity spread throughout Europe and Asia in a single order.
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  • UNX Partners With INTL Trading for Latin American Markets
    By Ivy Schmerken | June 28, 2011
    Both firms will develop e-trading tools for the Mexican and Latin American markets for deployment through the UNX Catalyst EMS.
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  • Kadima Asset Management Co-Locates for its Algo Trading Strategy
    By Phil Albinus | June 15, 2011
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  • Instinet Debuts Australian Liquidity Pool
    By Phil Albinus | June 01, 2011
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  • ITG Expands POSIT's Coverage to Turkish and Israeli Equities
    By Ivy Schmerken | May 18, 2011
    With the addition of trading in Turkey and Israel, the crossing network's coverage encompasses 14,500 securities in 22 EMEA countries.
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  • Smart Order Routing in Canada
    By Craig Geoffrey | May 16, 2011
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  • Omega ATS Drops Subscription Fee
    By Ivy Schmerken | May 04, 2011
    The low-cost alternative trading system for Canadian exchange-listed equities and fixed income instruments will no longer charge a monthly $350 (CDN) subscriber fee.
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  • Deutsche Bank To Report SuperX ATS Data
    By Ivy Schmerken | April 25, 2011
    Plans to supply average volumes and trade sizes to independent research firms Rosenblatt Securities and TABB Group.
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