Neuro Dark To Launch On May 11th

Nasdaq OMX Europe today said it would launch Neuro Dark on Monday, May 11th.

Neuro Dark offers customers the flexibility to enter orders of any size, and is not limited to block trades, the company said. (This could differentiate Neuro Dark from other Pan European dark pools, such as NYSE Euronext SmartPool, Liquidnet and Pipeline Europe, which are focusing on block size orders).

Neuro Dark will allow customers to use existing connections and offer similar functionality to that used by Nasdaq OMX Europe, the company’s multilateral trading facility in Europe. Neuro Dark will also offer the ability to enter an internalized order type called SELF, giving market participants the ability to prioritize their own orders while accessing a larger pool of liquidity,

In a statement, Charlotte Crosswell, president of Nasdaq OMX Europe commented, “We recognize customer demand for a non-displayed marketplace that is not limited to block or large in scale orders, as well as an internalized order type that will ensure customers have the flexibility they demand.”

Neuro Dark will start with trading approximately 800 of the most actively traded European blue chip shares.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio