Instinet launches Australian dark pool

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

  0 Be the first to comment

Instinet launches Australian dark pool

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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.

Sponsored [On-Demand Webinar] Reaping the benefits of Hyper-Personalisation with AI and Application Modernisation

Comments: (0)

[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming MandatesFinextra Promoted[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates