Nasdaq OMX Europe will launch a new pan-European dark pool, to be known as NEURO Dark, the company said Tuesday.
The exchange plans to launch the new facility on April 27, and it will trade approximately 800 of the most actively traded European blue chip shares. It will have smart order routing functionality, and provide a low-cost marketplace for non-displayed liquidity, it said. The launch is subject to concluding discussions with the UK Financial Services Authority.
“We recognise customer demand for a non-displayed marketplace that is not limited to block or large in scale orders. We are responding by offering a dark pool for all order sizes, one that can take advantage of existing order routing functionality,” said Charlotte Crosswell, president of Nasdaq OMX Europe.
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Nasdaq OMX Europe launches of new Dark Pool Platform
- By: James Langton
- March 17, 2009 March 17, 2009
- 09:15