blocsec-introduces-dark-liquidity-to-hong-kong

BlocSec introduces dark liquidity to Hong Kong

In its first week of operation, over $1 billion passes through CLSAÆs dark pool in Hong Kong.
After three months of operating in Japan and Singapore, BlocSec, a dark pool owned by CLSA Asia-Pacific Markets, has started its Hong Kong operations. Since opening on Thursday August 14, $1.1 billion of liquidity has passed through it, at an average of $243 million a day.

The service is the first Asian dark pool that serves clients on both the buy- and sell-side. It is an anonymous crossing network, which allows buyers and sellers to perform their trades without the order information becoming public, thereby helping to reduce the negative price impact typically associated with block trades.

Since its launch, more than 75 companies have signed up to use the platform and there has...
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