Instinet Extends Nighthawk Algo to Japan
Instinet's initial dark-pool foray into the Japanese market was marked by the launch of its JapanCrossing crossing network back in 2001, an alternative trading system (ATS) that anonymously matches asset manager's buy and sell orders electronically, without leaking information to the market which it would do if those orders were routed to exchanges.
According to the broker, in addition to the two pre-market matches offered through JapanCrossing, there are now an additional seven daily crosses in
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