Thursday, July 8, 2010

European Dark Pool growth

Interesting article in Finextra.   Market dark pools are continuing to grow in Europe with Turquoise, Nomura, Chi (whatever) and SmartPool (NYSE/Euronext).   The author indicates that keys to getting liquidity includes distribution, similar to the old 'bricks and mortar' concept of a decade ago, transparency, and good marketing.   See previous post about the challenges this puts on the buy side trying to find the best price for large block trades.   Technology vendors, brokers, and other EMS providers will be filling this quite quickly.   Makes you wonder if the roliferations of European MTF's and US dark pools is a broker 'pushed' concept to strengthen revenes by providing not only the venues themselves, but the technology to help institutional investors navigate the changing, and often confusing landscape?

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