15 December 2017
visit www.aciworldwide.com

Instinet connects to Nordic@Mid dark pool

28 February 2011  |  1896 views  |  0 Source: Instinet

Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that its Instinet Europe Limited subsidiary has connected to Nordic@Mid, Nasdaq OMX's non-displayed trading facility for its Nordic exchanges.

Effective immediately, Instinet Europe's institutional clients can access Nordic@Mid via Instinet's Execution Experts algorithmic suite or its award-winning SmartRouter.

Nordic@Mid matches non-displayed orders at the midpoint of the primary market's best bid and offer. The platform currently covers stocks listed on NASDAQ OMX's cash equity markets in Copenhagen, Helsinki, Iceland and Stockholm, and will be extended to cover Norwegian shares later this quarter.

"In Europe, Instinet's SmartRouter and algorithms access more than 40 exchanges, MTFs and broker-operated dark pools, and we are pleased to add the Nordic@Mid dark pool as the latest venue," said Richard Balarkas, CEO of Instinet Europe. "Our approach to liquidity sourcing is 100 percent aligned with our clients' interests and their goal of finding the best priced liquidity available. We never compromise that goal by prioritizing venues based on our costs of trading or the rebates offered."

Bjørn Sibbern, Senior Vice President for Nasdaq OMX Nordic Equities Markets, commented, "We are delighted that a broker with the global stature of Instinet has connected to our Nordic dark liquidity venue. We are confident that access to our liquidity will offer price improvement opportunities for Instinet's global client base."

Nordic@Mid ensures transparency concerning price determination, enabling trading members to minimize their trading costs. By always matching orders at the primary market midpoint, there is little market or price impact. Executed Nordic@Mid trades are published real time via the public NASDAQ OMX Nordic data feed.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.ebaday.comvisit www.atos.net

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10121 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9525 views comments | 17 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
6922 views comments | 19 tweets | 20 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6307 views 0 | 4 tweets | 2 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
5888 views comments | 5 tweets | 26 linkedin

Featured job

London, UK (or flexible)

Find your next job