20 April 2018
Visit http://response.ncr.com

Instinet launches Australian dark pool

01 June 2011  |  5546 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  |  6351 views  |  0 comments
Instinet to sell majority stake in MarketPrizm to Colt

Instinet to sell majority stake in MarketPrizm to Colt

04 May 2011  |  6613 views  |  0 comments
Instinet launches US options dark pool

Instinet launches US options dark pool

03 August 2010  |  5663 views  |  0 comments
Instinet to launch patent-pending 'aggregated' dark pool

Instinet to launch patent-pending 'aggregated' dark pool

05 October 2009  |  5146 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Competing in an increasingly competitive spaceCompeting in an increasingly competitive s...
10748 views comments | 1 tweets | 2 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9322 views comments | 14 tweets | 19 linkedin
Westpac and CommBank hit back at Aus Open Banking plansWestpac and CommBank hit back at Aus Open...
8532 views comments | 9 tweets | 8 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8085 views comments | 16 tweets | 22 linkedin

Featured job

Find your next job