Trading in the Dark

Under-the-radar exchanges in Europe prepare to face a potent new challenger.

In the world of Europe’s dark pools, a new player is poised to make a splash. Plato Partnership, a London-based consortium of asset managers and brokerage houses, is about to take on existing trading venues that don’t publish pre-trade price and volume information, including those operated by BATS Chi-X Europe and London Stock Exchange Group’s majority-owned Turquoise platform. The prize: the business of trading large blocks of stock for the biggest institutional investors.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.