Trading

Exclusive club: No HFTs allowed at Luminex

New private trading platform is designed to give the world’s largest asset managers a new place to buy and sell stock

Luminex is 60.8% owned by the US investment giant Fidelity
Luminex is 60.8% owned by the US investment giant Fidelity Photo: Getty Images

The most exclusive new club on Wall Street opens for business next week and there are a few things you won’t find: members with under a billion dollars or high frequency traders.

Those are among the rules laid out by the founding members of Luminex, a private trading platform designed to give the world's largest asset managers a new place to buy and sell large blocks of stock.

WSJ Logo
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached