|
|
Article: Instinet Introduces BLX Dark Pool.
- Article from:
- Business Wire
- Article date:
- October 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Agency-only broker combines the best of point-in-time and continuous crossing in new, algo-friendly block trading system; Pulse Trading's BlockCross dark pool added as opt-in liquidity provider to BLX
NEW YORK -- Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that its U.S. agency-brokerage subsidiary, Instinet, LLC, has launched BLX([TM]), a new algo-friendly dark pool for U.S. equities that "builds" block trades by combining the liquidity aggregation benefits of point-in-time crossing with the flexibility of a continuous market. BLX, which has been operating in a "soft launch" mode, recorded an ...