Agency broker, Instinet, has unveiled two Canadian dark pools targeting traders looking to execute shares in large blocks without moving the market, Advanced Trading reports. Instinet Canada Cross (ICX) consists of two block-focused dark pools, Volume Weighted Average Price cross and BLX.
BLX features a number of anti-gaming features, such as volume triggers and the mid-point pricing window, which is designed to prevent the system from being exploited by information-seeking traders. Instinet is seeking to expand in the Canadian dark pool market with easing of previous regulations.
Click here for the story from Advanced Trading.