The FT reports this week that Nasdaq OMX Europe is to launch a new pan-European dark pool, Neuro Dark, a reference price system based on best bid and offer prices and will offer similar functionality to that of Nasdaq OMX Europe.
The article says Liquidnet, Nyfix and ITG are the leading independent operators of dark pools in Europe, with operations based in London. The UK’s Financial Services Authority is conducting a routine review of the licenses awarded to dark pools operating on a pan-European basis out of London. It has raised questions over whether so-called “pre-trade transparency waivers” given to some pools are still appropriate.
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