Additionally, Instinet has begun the regulatory filing process to launch a Canadian ATS. ICX (Instinet Canada Cross – www.icxats.com) will consist of two dark pools: a pre-market, VWAP (Volume Weighted Average Price) cross, and Instinet BLX, an algo-friendly dark pool that seeks to “build” block trades by combining the liquidity aggregation benefits of point-in-time crossing with the flexibility of a continuous market. ICX, which is expected to launch in the first half of 2011*, is based on Instinet’s proven, liquid, globally-deployed dark pool model, and will be powered by Instinet’s proprietary matching technology that was designed to maximize speed, performance and reliability.Finally, in 2010 Instinet’s Canadian sales and trading group was augmented with the addition of industry veterans Jeff Houslander and Andrew Hill to the trading desk, as well as the hiring of Ms. Crosthwait, whose analysis of the U.S. “Flash Crash” and “Eleven Market Structure Trends to Watch for in 2011” pieces have generated considerable industry attention globally.
Instinet Completes Canadian Electronic Trading Build Out
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.