Dark pools are seeing a rapid growth in Asia, with almost all major banks and specialist providers launching their own off-exchange trading platforms in the region. A major contributing factor is the rising numbers of large, global hedge funds setting up trading desks in Asia or opening offices in the region and allocating more capital.
Dark pools enable hedge funds and other institutional investors to buy and sell large volumes of listed stock without disclosing their identities, amount or price. The benefits are minimum stock-price fluctuations and lower commission costs.
Nomura's dark pool, NX,