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HSBC to focus dark pool strategy on Europe

Banking giant is planning a new European dark pool trading platform, and has quashed plans to develop a similar venue in Hong Kong

Banking giant HSBC is to planning to launch a new European dark pool trading platform, and has quashed plans to develop a venue aimed at retail investors in Hong Kong, Financial News has learnt.

Sources familiar with the situation said it was unclear why the bank had scrapped its Hong Kong platform, StockMax Crossing. An HSBC spokesman said the bank had launched an institutional dark pool, called HSBC X, in October in Hong Kong.

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