Barclays Planning Tokyo Dark Pool, Daiwa Sees Expansion in Asia
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Barclays Plc plans to open its first Asian dark pool in Tokyo, and Daiwa Securities Capital Markets Co. is looking to expand into Hong Kong and Singapore, as popularity of the off-exchange trading platforms increases.
The Barclays venue will target international clients trading in Japan and expand to domestic users, according to Michael Kim, head of equities electronic trading in the Asia-Pacific region at Barclays Capital Inc. in Hong Kong. Barclays is seeking regulatory approval for the dark pool and doesn’t know when it will open, Kim said.