Category: ET-Dark PoolsOn 14 May 2008 in ET-Dark Pools, ET-ECNs & ATSs, Electronic Trading 
BNY ConvergEx Group, a provider of global agency brokerage and investment technology solutions, has announced that it is linking its VortEx dark liquidity pool (Electronic Trading, May 2007) with Credit Suisse’s Advanced Execution Services (AES) CrossFinder.
On 04 Apr 2008 in ET-Dark Pools, ET-ECNs & ATSs, Electronic Trading
Nyfix has become the latest new entrant in the European dark pool sector with last month’s launch of Euro Millennium, a neutral venue for pan-European listed equities. A year in the making, Euro Millennium has been designed to cater to both buy- and sell-side institutions, and was developed with input from an advisory board comprising institutions from both sides of the fence.
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On 18 Mar 2008 in ET-Dark Pools, Electronic Trading
NYFIX has launched Euro Millennium, a neutral dark pool of liquidity for pan-European listed cash equities, with Credit Suisse and Citi among the first to go live. The service is touted as the first truly open European dark pool based in Europe, and leverages NYFIX technology already running in North America.
A-Team’s Algorithmic Trading Directory, now available, is an easy-to-use reference guide providing the industry’s only apples-to-apples comparison across the algorithmic trading models on offer from sell-side institutions. The directory provides a series of detailed supplier profiles with descriptive information on the algorithms available, and analyses of who should be using them, under what market conditions and when.
On 07 Mar 2008 in ET-Dark Pools, ET-News in Brief, Electronic Trading
US institutional broker Weeden & Co has teamed with New York’s Pragma Financial Systems to launch OnePipe, a single crossing network that taps up to 25 dark liquidity pools. OnePipe was developed through Pragma @ Weeden, the two firms’ joint algorithmic trading service. It offers institutional investors access to more than 25 dark pools, crossing networks and streaming liquidity venues from a single, integrated source that can be accessed from the trader’s desktop.
On 28 Feb 2008 in ET-Algorithmic Trading, ET-Dark Pools, Electronic Trading
US institutional broker Weeden & Co has teamed with New York’s Pragma Financial Systems to launch OnePipe, a single crossing network that taps up to 25 dark liquidity pools. OnePipe was developed through Pragma @ Weeden, the two firms’ joint algorithmic trading service. It offers institutional investors access to more than 25 dark pools, crossing networks and streaming liquidity venues from a single, integrated source that can be accessed from the trader’s desktop.
On 08 Feb 2008 in ET-Dark Pools, Electronic Trading
NYFIX Millennium set a volume record in January 2008, matching a total of more than 1.2 billion shares. This volume also established a new average daily matched volume record for a month of nearly 58 million shares.
On 10 Dec 2007 in ET-Dark Pools, Electronic Trading
virt-x, part of the SWX Group, and electronic trading solutions provider Nyfix, are positioning their agreement to jointly deliver a non-displayed block trading service for Swiss blue chips in the SMI index as not just an important milestone for both parties but an “entrepreneurial launch pad” for bigger things to come.
On 16 Nov 2007 in ET-Dark Pools, Electronic Trading
EdgeTrade, the independent US agency-only broker, says a daily average of 27.4 per cent of clients’ executions were completed in dark pools during heavy market volatility between August and October through its FAN smart order execution algorithm – almost three times the US industry average. The snapshot, which was taken in the recent months of choppy equity trading, compares with a Tabb Group estimate of 9.4 per cent of all US equity shares executed in the dark.
On 01 Sep 2007 in ET-Dark Pools, Electronic Trading
While it is generally accepted that all trading venues not publicly displaying liquidity can be categorised as “dark pools”, major conceptual differences exist between them, according to US agency broker EdgeTrade.
On 01 May 2007 in ET-Dark Pools, Electronic Trading
BNY ConvergEx Group has added VortEx, a new dark liquidity pool, to its list of liquidity management technologies. VortEx uses a patent-pending process in which ConvergEx streaming orders intersect with dynamic IOIs from a network of liquidity providers.
On 01 Feb 2007 in ET-Dark Pools, ET-Market Research, ET-News in Brief, Electronic Trading
While there are risks associated with the proliferation of hidden liquidity, the economic benefits for institutional traders are real. So says a new Tabb Group research note, Groping in the Dark: Navigating Crossing Networks and Other Dark Pools of Liquidity. When dark pools are successfully navigated, they can minimise information leakage, manage market impact and execute block trades at beneficial prices. By the end of 2007, Tabb says, dark pools will capture 512 million share executions per day. The volume of non-displayed liquidity execution will triple to 1.5 billion a day in 2010, more than 15 per cent of total equity market share.
On 01 Dec 2006 in ET-Algorithmic Trading, ET-Dark Pools, ET-News in Brief, Electronic Trading
Instinet has added Fidelity Capital Markets Services’ CrossStream dark liquidity pool to its Nighthawk liquidity aggregation algorithm. Fidelity CrossStream joins Credit Suisse’s CrossFinder, Pipeline, Liquidnet H20 and NYFIX Millennium as the dark pools available through Nighthawk.
