RBS Dives Into Dark Pool Trading
The Royal Bank of Scotland (RBS) will release its internal crossing network, RBS Cross, to clients next year—effectively creating an in-house pan-European dark pool.
RBS Cross will initially match orders between European buy-side and sell-side clients, although plans to expand into Asia are in the early stages of development.
Assad Amin, global head of equity execution at the bank, says that in keeping with current regulation, RBS will not register the crossing network as a multilateral trading
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