18 August 2017
Find out more

Instinet launches Australian dark pool

01 June 2011  |  4977 views  |  0 drop of water

Electronic trading and brokerage giant Instinet has launched a liquidity pool for Australian equities.

The BLX Australia dark pool aggregates multiple orders from both buy- and sell-side participants and consolidates them into block-sized trades.

Matthew Moore, head, Australian sales, Instinet, says: "With the Australian equities market becoming more electronic and institutional trading needs becoming more complex, we believe this is an ideal time to introduce a pool like BLX that combines the benefits of both block and continuous trading."

The dark pool's launch comes shortly after Chi-X - controlled by Instinet owner Nomura - received a licence to run a trading platform in Australia, set for launch later this year.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Chi-X Australia gets government green light

Chi-X Australia gets government green light

04 May 2011  |  6251 views  |  0 comments
Instinet to sell majority stake in MarketPrizm to Colt

Instinet to sell majority stake in MarketPrizm to Colt

04 May 2011  |  6471 views  |  0 comments
Instinet launches US options dark pool

Instinet launches US options dark pool

03 August 2010  |  5556 views  |  0 comments
Instinet to launch patent-pending 'aggregated' dark pool

Instinet to launch patent-pending 'aggregated' dark pool

05 October 2009  |  4614 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.dorsum.eu

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10253 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8477 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7905 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7857 views comments | 3 tweets | 7 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job