LONDON (RockedBuzz via Reuters) – Aquis Exchange said on Tuesday it had launched a new service on its UK and European equity trading platforms to help clients who prefer to trade without alerting rivals of their activities access greater liquidity.
The so-called “dark to lit sweep” feature, designed by Aquis’ pan-European equity trading arm, will leverage low-latency technology to find the best possible prices for users in both orders while maintaining a low impact on the overall market, he said the society.
Members can choose to cancel their order if no immediate opposing order is found on either book, or they can stay on the lighted book until a buyer/seller matches the rest of their order.
(Reporting by Sinead Cruise, editing by Kirstin Ridley)
Leave a Comment