Instinet Dives into Canadian Dark Pool Market with ICX, BLX
Electronic trading and agency-only brokerage services provider Instinet has launched Instinet Canada Cross (ICX), a non-displayed alternative trading system (ATS) that handles securities listed on the Toronto Stock Exchange (TSX).
ICX features order anonymity, minimum size thresholds, targeted natural institutional order flow, and anti-gaming features, including volume triggers and mid-point pricing, an Instinet spokesperson says.
The ATS offers two separate block-focused dark pools, a volume
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