Crédit Agricole Cheuvreux announces the launch of BLINK MTF, a pan-European Multilateral Trading Facility regulated by the Financial Services Authority.
The dark pool, or non-displayed liquidity MTF platform, started trading in 1700 stocks across 14 European markets in March of this year.
"The launch of BLINK brings together technological innovation with CA Cheuvreux's unique liquidity. Our proposition is very different to those of other MTFs due to the absence of proprietary and high frequency flows. The composition of our 100% natural client liquidity reflects our unique positioning as Europe's largest agency broker and top ranked Small and Mid cap firm.
We felt it was important to register BLINK as an MTF to provide our clients and the market with maximum transparency. BLINK is designed with a dual order-book structure: a mid-point cross together with a Primary BBO cross, aimed at giving clients optimized crossing opportunities with the firm's Retail and Institutional flows." said Ian Peacock, Global Head of Execution Services.
BLINK has no pre-trade visibility, while all executions are reported anonymously to Markit Boat in real-time.