Nasdaq OMX Europe today announced that it will launch Neuro Dark on May 11th 2009.
NEURO Dark is a dark pool that offers customers the flexibility to enter orders of any size; it is not limited to block trades.
NEURO Dark will allow customers to use existing connections and offer similar functionality to that used by NASDAQ OMX Europe. NEURO Dark will also offer the ability to enter an internalised order type called SELF. SELF gives market participants the ability to prioritise their own orders whilst accessing a larger pool of liquidity.
Charlotte Crosswell, President of NASDAQ OMX Europe commented, "We recognise customer demand for a non-displayed marketplace that is not limited to block or large in scale orders, as well as an internalised order type that will ensure customers have the flexibility they demand."