Chi-X dark pool signals MTFs' agility

Chi-X Europe, continental Europe's largest multilateral trading facility, has launched a dark pool just three months after the idea for the system was conceived, in a sign that new markets may be more agile than established exchanges.

Chi-X said it launched a dark pool, known as Chi-Delta, yesterday. The system, which will allow traders to minimise the market impact of their deals, will run parallel to the company's visible order book.

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