Instinet, JPMorgan Agree Linking of Asia-Pacific Dark Pools
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Instinet Inc., a New York-based alternative trading-venue operator, and JPMorgan Chase & Co., have agreed to link their Asia-Pacific dark pools, giving clients access to each other’s platforms in Hong Kong, Japan and Australia.
Instinet’s clients can access 22 dark pools, private trading venues that don’t publicly display prices, in Asia, including 13 from individual brokers, Glenn Lesko, chief executive officer in Asia for Instinet told Bloomberg News in a telephone interview March 20. JPMorgan spokeswoman Marie Cheung confirmed the contents of an Instinet press release announcing the agreement.