SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas, says it had record growth during Q2 2010 and its best monthly performance to date in Italy and Germany.
SmartPool’s matched volume of EUR5.7bn Q2 10 represents an increase of 473 per cent over Q1, making SmartPool the fastest-growing dark multilateral trading facility in Q2 2010.
The number of trades also increased by 379 per cent.
According to the Thomson Reuters Equity Market Share Service, SmartPool reported an average dark market share of 15.9 per cent of MSCI EMU Large Cap Index, 15.1 per cent of the Dow Jones Stoxx 600, 17.4 per cent of the DJ Stoxx 50 and 16.5 per cent of FTSE Eurotop 100 Index during June.
SmartPool also strengthened its position in a number of national markets. Key dark market share highlights over this period include: 27.3 per cent market share in Xetra Dax; 26.3 per cent market share in FTSE MIB; and 16.5 per cent market share in FTSE 100.
Lee Hodgkinson, SmartPool chief executive, says: “I am delighted with our continued growth over the quarter and with another strong month of trading on SmartPool in June. Our sustained momentum is proof of the power of our offer and I would like to thank our customers for the trust and confidence they place in us.”
