The Increasing Flow Of Dark Pools: UBS MTF Provides Anonymous Liquidity To Spanish Markets

The Increasing Flow Of Dark Pools: UBS MTF Provides Anonymous Liquidity To Spanish Markets

Today marks the expansion of anonymous liquidity into Spain as UBS Multilateral Trading Facility (MTF) establishes itself on the Spanish equity markets.

Dark liquidity is experiencing an increase in popularity within high frequency trading circles at the moment, particularly among those utilizing off-exchange trading facilities.

In mid-June this year, TMX Atrium added the UBS MTF to its community for very similar reasons, also with a view toward accommodating European client demand for dark liquidity.

At this stage, it is not certain as to whether the demand for such anonymity in Europe is related to the forthcoming MiFID adaptation of the rulings on trade reporting set out in the Dodd-Frank Act in the US, or whether it arises from traders wishing to protect their existing environment due to concern over potential rulings by regulators in Europe concerning mandatory delays in trade executions aimed at dispelling what the regulators view as disruptive practice by high frequency algorithmic traders, as in the case of German regulator BaFIN.

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One Response to The Increasing Flow Of Dark Pools: UBS MTF Provides Anonymous Liquidity To Spanish Markets

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