Dark pools offering trade execution for US stocks witnessed record market share as stock volumes increase on the back of Greece finally getting clarity from rating agencies. Dark pools act as executing venues where order anonymity is hidden. Banks like Nomura and Deutsche Bank have been in the for front when it comes to trade execution.
Flextrade an institutional technology provider was one of the first to offer dark pool access to participants looking to trade in FX. Flextrade introduced MilanFX a block trading solution.
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MilanFX saw a gap for traders looking for block liquidity without specifying the size, side or price.
Deutsche Bank AG’s dark pool, called Super X, had a 0.7 percent market share in January after shares matched surged more than 6,200 percent from a year earlier to 50.7 million a day.