Citi Plans Dark Pool Launch

Citigroup is planning to unveil a new dark pool by the end of 2011.

Citigroup is planning to unveil a new dark pool by the end of 2011, Financial Times reports. The platform Citi Cross will allow high-speed dealers to trade with small, individual investors.

The new platform will enable Citi to pass orders that are unfilled by its market-making business through Citi Cross before going to the market. Currently, retail trades at Citi go via its existing dark pool Citi Match.

Click here for the story from Financial Times.