Financial Times FT.com

Neonet launches ‘dark pool’ scanner

By Jeremy Grant in London

Published: September 23 2009 10:35 | Last updated: September 23 2009 10:35

The proliferation of technology aimed at helping traders navigate Europe’s increasingly fragmented pools of liquidity continued on Wednesday as Neonet, Scandinavia’s largest broker, launched a trading algorithm that scans multiple “dark pools” to hunt for trading possibilities.

Europe has at least 15 dark pools, venues that were originally intended to allow the trading of large blocks of shares with prices not displayed until after trades are completed.

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