The Financial Times reports that Goldman Sachs, Morgan Stanley and UBS yesterday agreed to allow reciprocal access to each other's dark pool block trading facilities for the first time in Europe. This move comes weeks ahead of the planned launch by the London Stock Exchange of Baikal dark pool.
The article says the move is a sign that some of the big players that operate dark pools are trying to find ways round the increasing fragmentation of share trading liquidity across the region by joining forces in an attempt to aggregate liquidity in one place.
A WSJ article confirms that NASDAQ OMX Europe will launch NEURO Dark on May 11th 2009.
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