Instinet's 'Nighthawk' Takes Flight
FRONT PAGE: CYBER-TRADING TECHNOLOGIES
NEW YORK-Instinet is slated to launch this week a liquidity aggregation algorithm, dubbed Nighthawk.
The offering will simultaneously access most major pools of dark liquidity like Liquidnet H20, Nyfix Millennium, Pipeline and other sources of upstairs liquidity from Instinet, say officials at the firm. Users can also add an ECN sweep module to Nighthawk, providing access to Nasdaq's Inet, the NYSE Group's Arca and the relative newcomer Bats ECN.
"Nighthawk's premise is to be everywhere
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