Citigroup, the third-biggest US bank, says it will start so-called dark pool electronic trading in Singapore early next year.
It’s doing so to meet growing demand in Asia.
The bank told Bloomberg that it is expanding its regional footprint after its off-exchange trading in Australia increased to a record 1.5 billion Aussie dollars in June.
That’s up from about 700 million to 800 million Aussie dollars in the year-ago period
Dark pools are trading venues that don’t display quotes publicly, helping investors minimize price fluctuations and save costs.
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