Singapore Exchange Ltd will open a dark pool for bonds as the
42-year-old bourse prepares to enter the institutional fixed-income
trading business for the first time next year.
The venue, which allows traders to flag interest in a security
without indicating the size or the price of their desired transaction,
will form part of SGX's Bond Pro platform scheduled for the first
quarter of 2016, Tsai Li Renn, the bourse's head of fixed income, said
in an interview on Monday.
Designed to minimise the price impact of buy and sell orders, the
dark pool will be the first of its kind set up by an exchange operator,
according to SGX.
"We asked participants: 'How would you like to access liquidity in
this marketplace?'" Mr Tsai said. "We found that they really wanted a
dark pool."
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