Smartpool, a European non-displayed trading venue operated by exchange group NYSE Euronext, has received approval from the UK Financial Services Authority (FSA) to launch on 2 February as planned.
Smartpool will provide block trading services in 15 European markets, including those in which NYSE Euronext operates a primary exchange. The MTF is also backed by banks J.P. Morgan, BNP Paribas and HSBC. LCH.Clearnet and EuroCCP will provide central counterparty services. Smartpool has been registered by NYSE Euronext as a multilateral trading facility under MiFID and will be regulated by the FSA.
The dark pool will offer routing to NYSE Euronext’s central order book, allowing clients to find matches on Euronext’s lit markets in Lisbon, Paris, Amsterdam and Brussels without revealing any trade information. Market participants who are already on NYSE’s Universal Trading Platform, the exchange group’s single point of access to its cash and derivatives platforms, will have automatic access Smartpool.
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