NASDAQ READIES NEW EUROPEAN DARK POOL VENUE

Posted May 8, 2009

LONDON – Nasdaq OMX plans to launch NEURO Dark, a new dark pool trading venue, on May 11 with about 800 of the most actively traded European blue chip stocks.

NEURO Dark will allow customers to enter orders of any size and will not be limited to block trades. Customers can use existing connections and similar functions to those available on Nasdaq OMX Europe. NEURO Dark will also offer the ability to enter an internalized order type called SELF, which allows market participants to prioritize their own orders while accessing a larger pool of liquidity.

“We recognize customer demand for a non-displayed marketplace that is not limited to block or large in scale orders, as well as an internalized order type that will ensure customers have the flexibility they demand,” says Charlotte Crosswell, President of Nasdaq OMX Europe.