SmartPool Growth Continues with Launch of Swiss Securities
Swiss securities are now available for trading on SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, JP Morgan and BNP Paribas.
The SmartPool product universe has been extended to include the constituents of the SMI Expanded comprising the SMI, the 20 largest Swiss equities and the SMIM, the 30 largest mid-cap stocks in the Swiss equity market.
Trades are cleared through EuroCCP, the central counterparty for all European markets traded on SmartPool.
Lee Hodgkinson, SmartPool CEO and head of European sales and relationship management at NYSE Euronext, says that by capturing a deep and diverse liquidity pool, SmartPool users regularly achieve price improvements of between four and six basis points per trade in large cap securities with even greater price efficiences evidenced in mid-cap securities.
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