Deutsche Bank said its SuperX European Broker Crossing System has ranked as the largest dark liquidity pool in Europe, crossing an average of 363 million Euros in shares per day during December 2011.
According to Deutsche Bank, Rosenblatt Securities ranked SuperX as the largest by volume in its monthly dark pool market share index, which consists of a universe of 18 liquidity pools across Europe.
Launched in 2010, SuperX has experienced steady growth as a result of the depth of liquidity available and the popularity of Deutsche Bank’s Stealth algorithm, which intelligently sources liquidity across venues including SuperX, stated the bank in the release.
Non-displayed liquidity allows institutional investors such as pension funds to trade large blocks of shares with a reduced risk of incurring market impact costs, such as price movement during a transaction. “Demand for access to non displayed liquidity continues to grow as investors increasingly value the benefits of trading large orders with minimal market impact,” commented Andrew Morgan, Head of Autobahn Equity Europe at Deutsche Bank in the release. “SuperX offers significant depth of liquidity and this top ranking marks a key milestone in the impressive growth of the platform.”
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio