SmartPool has added Penson Financial Services, the London-based clearing unit of Penson Worldwide, to its European dark pool. Penson will provide trading firms executing on SmartPool a solution that will lower clearing and settlement costs through Penson’s offering of outsourcing and general clearing member (GCM) services. The move will allow a wider range of participants to trade on SmartPool without the need for major infrastructure build. SmartPool was formed by NYSE Euronext in partnership with HSBC, JP Morgan and BNP Paribas.

Click here for the release from NYSE Euronext.