Instinet introduces BLX dark pool

With BLX, Instinet aims to restore block-trading in the fragmented US equity market, as the platform aggregates multiple orders from both buy- and sell-side participants and consolidates them into block-size trades. Instinet claims that, given its multi-party participation model, BLX is able to promote anonymity and protect trading information more effectively than a peer-to-peer or negotiation trading paradigm.

The BLX market model was designed specifically to increase trade size by appealing to

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Northern Trust building internal cloud data ‘marketplace’

Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.

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