Instinet Extends Nighthawk Algo to Japan

Instinet has launched its Nighthawk VWAP crossing aggregation algorithm in the Japanese market.

Instinet's initial dark-pool foray into the Japanese market was marked by the launch of its JapanCrossing crossing network back in 2001, an alternative trading system (ATS) that anonymously matches asset manager's buy and sell orders electronically, without leaking information to the market which it would do if those orders were routed to exchanges.

According to the broker, in addition to the two pre-market matches offered through JapanCrossing, there are now an additional seven daily crosses in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: