U.S. securities trading platform operator, Pipeline Financial Group, is looking to unveil a dark pool in Europe in May, Financial Times reports. The new service, Block Board, will offer over 3,500 shares across 14 European markets.
The company service will implement a “heatmap” function, which shows potential users of the platform whether there is activity in a certain stock before they decide to trade. EuroCCP and BNP Paribas Securities Services will handle clearing services. Pipeline is offering discounted fees in exchange for executable orders.
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