Liquidnet Promoting Dark Pool in New Zealand
June 30, 2010 by admin · Leave a Comment
A US firm which specialises in “dark pools” trading is hoping to increase the number of international fund managers trading in New Zealand listed securities by bringing its electronic trading service here.
The type of trading is called “dark pools” because it allows investors to trade anonymously with prices only made public once trading is complete.
Liquidnet, which already operates in 36 markets including Australia, will open its New Zealand business next Tuesday allowing institutional investors who trade large blocks of shares to be connected with its 650 global members.
