Instinet Dives into Canadian Dark Pool Market with ICX, BLX

Electronic trading and agency-only brokerage services provider Instinet has launched Instinet Canada Cross (ICX), a non-displayed alternative trading system (ATS) that handles securities listed on the Toronto Stock Exchange (TSX).

ICX features order anonymity, minimum size thresholds, targeted natural institutional order flow, and anti-gaming features, including volume triggers and mid-point pricing, an Instinet spokesperson says.

The ATS offers two separate block-focused dark pools, a volume

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