All Entries in the "Dark Pools" Category
HSBC Puts Retail Investor Dark Pool On Ice
Banking giant HSBC Holdings PLC put its plans to launch Hong Kong’s first-ever dark pool for retail investors on ice, it said Tuesday, dimming prospects for the development of alternative liquidity pools in the Chinese territory. The U.K.-based bank said it decided to launch its controversial StockMax dark pool, which was originally marketed to retail [...]
HK Securities Regulator Restricts HSBC Dark Pool To Professional Investors
Hong Kong’s securities regulator said on its website that banking giant HSBC Holdings PLC (0005.HK) can only offer its dark pool services to professional investors, scuttling the bank’s earlier plans to market the product to retail investors. The Securities and Futures Commission on Monday added a condition to HSBC’s automated trading services license, originally issued [...]
NZX Says AXE ECN To Be Wound Up
New Zealand exchange operators NZX Ltd will wind up its Australian subsidiary AXE ECN after deciding there is no market opportunity for the joint venture, the company said on Friday. AXE ECN was set up in 2006 with the aim of providing a low cost electronic platform for large trades in the Australian market in [...]
HK To Gather More Data On Dark Pool Operators
Hong Kong’s alternative liquidity pool operators earlier this month received a letter from the city’s exchange operator advising them they will have to start reporting their trades using a new transaction code, in a move that could shed more light on the developing and inherently opaque business. Though operators of dark pools, a type of [...]
Chi-East Receives Regulatory Approval to Launch Independent, Pan-Asian, Non-Displayed Trading Venue
Chi-East, a joint venture of Chi-X® Global Inc. and Singapore Exchange Limited (SGX), announced today that it has obtained approval from the Monetary Authority of Singapore (MAS) to become a Recognised Market Operator (RMO). Trading is expected to begin in the fourth quarter of 2010. Chi-East is an independent, non-displayed trading venue for select securities [...]
Deutsche Bank Launches Automated Equity Trading System and Liquidity Algorithm in Hong Kong
Deutsche Bank announced today it has launched an automated equity trading system in Hong Kong that allows client orders to be matched against other client and internal orders. Known as the Deutsche Bank Automated Trading System (DBATS), it is being made available concurrently with a dark liquidity-seeking algorithm, SuperX, which gives clients access to Asian [...]
Citigroup to Start Singapore Dark Pool Stock Trading in 2011
Citigroup Inc., the third-biggest U.S. bank, says it will start so-called dark pool electronic trading in Singapore early next year to meet growing demand in Asia. The bank is expanding its regional footprint after its off- exchange trading in Australia increased to a record A$1.5 billion ($1.3 billion) in June from about A$700 million to [...]
