âThe demand for access to dark pool liquidity continues to grow at a remarkable pace and we are committed to providing our clients with the best tools to reach that market,â said Kristi P. Wetherington, CAPIS President and CEO. âWith Nocturnal, our clients will have access to many dark pools through a single algorithm. It is an extraordinary tool that taps into dark liquidity, minimizes information leakage and assists clients in achieving best execution.â
Nocturnal operates as a smart router within dark pools. It locates liquidity among a broad and expanding list of dark venues with continuous crossing capabilities. With dynamic smart routing logic, Nocturnal will spread orders out over multiple destinations seeking executions at midpoint or better.
Nocturnal is the latest addition to CAPISâ Algorithm Trading Suite, and is available through Bloomberg, many order management systems and CAPISDirect , CAPISâ EMS solution.