SGX to launch Asia's first secretive "dark pool" for institutional players

Xinhua, 12 Aug 2009
SINGAPORE, Aug. 12 (Xinhua) -- The first exchange-backed dark pool in Asia will be launched by the Singapore Exchange (SGX) in a joint venture.
According to local TV broadcaster Channel News Asia on Wednesday, SGX will partner Chi-X Global, a global provider of market infrastructure technologies and trading venues, in a joint venture.
A exchange-backed dark pool is a network where transactions made are concealed from the public.
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Related:
SEC spotlight puts "dark pool" venues on defensive - Reuters
'Dark Pools' Threaten Wall Street - The New York Sun
Europe to review ‘dark pool’ trading - Financial Times
The rise of dark pools - attack of the clones - The Economist
How Dark Pools Help Traders Cheat Transparency - Andymatic.com
Singapore Exchange, Chi-X to form dark pool trade plat - Reuters
Singapore signs dark pool deal with Chi-X - Financial Times
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