19 April 2018

Instinet and Credit Suisse ink Japanese dark liquidity pact

22 May 2007  |  5429 views  |  0 keyboard

Interagency broker Instinet and investment bank Credit Suisse have signed an agreement to provide their respective clients with access to each other's 'dark' pools of liquidity in Japan.

Under the agreement Credit Suisse will link its CrossFinder platform to Instinet's Continuous Block Cross (CBX) platform for Japanese Securities.

Instinet says the reciprocal deal deepens the pools of institutional liquidity available to each firm's client base and increases clients' opportunities to execute larger trades with minimal market impact.

Olivier Thiriet, Credit Suisse's MD and head of advanced execution services for Asia Pacific, says the combination "will provide our clients with access to one of the largest dark liquidity pools for Japanese securities".

Thiriet says he is confident that increased competition between exchanges, proprietary trading system (PTS) brokers and other venues will deliver improved execution performance and ultimately, returns to clients.

Instinet and Credit Suisse announced a similar reciprocal agreement last year that saw them link their dark liquidity pools in the US.

In April Credit Suisse said it would also route order flow to Instinet's MiFID-compliant equity alternative trading system (ATS) Chi-X.

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

Instinet rolls out MiFID-ready Chi-X platform; seeks equity partners

Instinet rolls out MiFID-ready Chi-X platform; seeks equity partners

16 April 2007  |  13590 views  |  0 comments
Instinet tech chief Michael Bundy moves to Chi-X

Instinet tech chief Michael Bundy moves to Chi-X

14 March 2007  |  6252 views  |  0 comments
Nomura to acquire Instinet

Nomura to acquire Instinet

02 November 2006  |  9434 views  |  0 comments
Instinet and Credit Suisse forge liquidity pool pact

Instinet and Credit Suisse forge liquidity pool pact

26 October 2006  |  9340 views  |  0 comments
Instinet launches 'Wizard' algorithm

Instinet launches 'Wizard' algorithm

10 October 2006  |  5546 views  |  0 comments
Instinet launches liquidity aggregation algorithm

Instinet launches liquidity aggregation algorithm

28 June 2006  |  7384 views  |  0 comments
Instinet launches Cobra 'stealth' algorithm

Instinet launches Cobra 'stealth' algorithm

24 January 2006  |  7110 views  |  0 comments

Related company news

 

Related company information

Credit Suisse

Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukVisit https://aciworldwide.webex.comvisit www.ebaday.com

Top topics

Most viewed Most shared
hands typing furiouslyArtificial Intelligence for fraud detectio...
12160 views 0 | 10 tweets | 6 linkedin
Speculative interest in cryptocurrencies may have peaked - BarclaysSpeculative interest in cryptocurrencies m...
10601 views comments | 16 tweets | 11 linkedin
Competing in an increasingly competitive spaceCompeting in an increasingly competitive s...
9812 views comments | 1 tweets | 2 linkedin
Starling chief slams Treasury over RBS fund allocationStarling chief slams Treasury over RBS fun...
9046 views comments | 4 tweets | 10 linkedin