Launches & Closures

Instinet launches Australian dark pool

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Instinet launched an Australian dark pool on June 1, joining a bevy of other dark pool operators, mostly bank crossing networks, already established in the country.

BLX Australia is the firm’s fifth alternative liquidity pool in the Asia-Pacific region along with JapanCrossing™, KoreaCross™, CBX™ Japan and CBX™ Hong Kong.

The launch came shortly after Chi-X – controlled by Instinet owner Nomura – received a licence to run a trading platform in Australia, set for launch later this year. Matthew Moore, head of Australian sales at Instinet, says the dark pool is capable of aggregating multiple orders from both