State Street Extends Commission Management Services Through Acquisition

State Street Extends Commission Management Services Through Acquisition
State Street Global Markets announced that it has expanded its commission management services through the acquisition of software provider Financial Sockets. The investment research and trading arm of State Street Corp. said the deal allows it to offer clients an end-to-end solution to better manage commission flows, address [...]

Dark liquidity brews perfect storm for Nyfix – Luke Jeffs

Financial News and Information from Financial News Online US
NYSE Euronext, the world’s largest stock exchange group, is due to launch Project SmartPool, its dark liquidity system, which it is developing in conjunction with investment banks BNP Paribas and HSBC, before the end of June.
Turquoise, the putative trading system backed by nine investment banks, plans to [...]

Utility Dark Pools Start to Take Off

Traders Online: The stock dealers and institutional traders complete interactive news and information service of Traders Magazine
Three dark pools set up as industry utilities offering broker-dealers and their customers low-cost executions are attracting more flow from member firms-and have the executions to prove it.
LeveL and Block Interest Discovery Service, two crossing systems launched this year [...]