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Neonet to offer dark liquidity
Neonet, Sweden’s largest broker, yesterday announced it has started to offer access to “dark liquidity”, thereby strengthening its buy-side offering further. Neonet is the most recent member of SmartPool, the multi-lateral “dark pool” trading facility launched by NYSE Euronext in partnership with JP Morgan, HSBC and BNP Parabis five months ago. A dark pool is an electronic equity system that gives institutional investors the ability to trade large number of shares in liquid or illiquid stocks without revealing themselves to the open market.