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US fintech firm helps fund managers probe dark pools

The buyside is demanding more transparency on brokers' order-routing practices

US fintech firm helps fund managers probe dark pools
Photo: iStockPhoto

A US fintech firm has devised a new way for European asset managers to check up on the anonymous trading venues they use to buy and sell stocks.

Trade Informatics, a privately-held US company, on October 24 launched a new service called Plia that allows buyside firms to ask operators of trading venues known as dark pools questions about the platforms, as well as the way they handle orders generally.

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