SWX Europe joins dark pool fray

The new facility, to be known as SWX Swiss Block, will be powered by Nyfix technology and will operate independently of the exchange's existing order book, offering market participants the benefit of anonymously executing large trades in Swiss stocks with reduced market impact.

SWX Europe announced last month that 11 sell-side firms have committed to become the pool's first clients and will start to go live on the platform from 11th August. They include top-tier electronic brokers such as Cit