SmartPool, the neutral dark liquidity pool created by NYSE Euronext in partnership with J.P. Morgan, HSBC and BNP Paribas, has announced that 14 investment firms have become members of SmartPool.
Credit Suisse, Exane SA, Instinet Europe Limited, Investment Technology Group Limited (ITG), Knight Capital Europe Limited, Neonet, Nomura, Oddo et Cie, RBS / ABN AMRO Bank NV, Sanford C Bernstein Limited and UBS have become the latest clients to join the neutral exchange-led trading platform.
Launched in February 2009, the platform is open to all European market participants, and suited to firms specialising in electronic, programme trading and block execution.
Trades are cleared via LCH.Clearnet for Euronext listed stocks and EuroCCP for all other European markets traded on SmartPool. Front-end solutions are currently available from Fidessa, SunGard and ULLINK.
Lee Hodgkinson, CEO of SmartPool commented: Todays announcement demonstrates that SmartPool is rapidly being acknowledged as a leading dark liquidity pool in Europe.
We are delighted that so many prestigious firms have chosen SmartPool, particularly in todays challenging economic environment. As a result of their participation, activity on the platform in the second quarter of 2009 increased by over 90%.