SmartPool, the European dark liquidity pool created by Nyse Euronext in partnership with HSBC, J.P.Morgan and BNP Paribas, today reported record trading gains in France and confirmed Societe Generale Corporate & Investment Banking as the latest firm to join the European dark pool.
According to the Thomson Reuters Equity Market Share Service, SmartPool reported record dark market share highs in France during September. Key highlights include:
• 22.29% dark market share in CAC 40
• 19.74% dark market share in Euronext 100
Lee Hodgkinson, SmartPool CEO commented:"I am delighted to welcome Societe Generale Corporate & Investment Banking to our rapidly growing trading community. Not only are we signing another major international investment bank but as one of the Top 3 brokers on the NYSE Euronext European markets, the bank further expands our reach into continental Europe as we continue to gain momentum in the region and add additional sources of liquidity to the pool."
Stephane Loiseau, Managing Director, Deputy Global Head of Execution Services at Societe Generale Corporate & Investment Banking, said: "To deliver best execution to our customers we continuously monitor non-displayed trading activity in public markets across Europe to identify venues that provide accessible liquidity of the right quality and quantity. The rapid growth of volumes on SmartPool in Europe led the bank to add this venue to its algorithmic trading strategies to make that liquidity available to institutional investors."
Notes to Editors:
1. Societe Generale Corporate & Investment Banking is the latest firm to join the SmartPool trading community which already includes 24 members.
2. SmartPool offers trading in more than 440 French securities including the constituents of CAC40 and the CAC All Share Index.