NASDAQ OMX Europe will launch NEURO Dark on 11 May 2009. NEURO Dark is a dark pool that offers customers the flexibility to enter orders of any size, and will allow customers to use existing connections and offer similar functionality to that used by NASDAQ OMX Europe.
The platform will use the same proven INET technology employed by NASDAQ OMX Europe, by matching orders in the dark pool and routing unexecuted orders to other non-displayed MTFs. NEURO Dark will also offer firms the ability to enter an internalized order type called SELF. SELF gives market participants the ability to prioritise their own orders whilst accessing a larger pool of liquidity.
“We recognise customer demand for a non-displayed marketplace that is not limited to block or large in scale orders, as well as an internalised order type that will ensure customers have the flexibility they demand,” says Charlotte Crosswell, president of NASDAQ OMX Europe.
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