Exclusive: Fastmatch Lauches Dark Trading Venue Midmatch, Cuts Fees

[kreslik.news]

The Electronic Communications Network (ECN) for foreign exchange trading Fastmatch has launched a new dark trading venue called Midmatch, Finance Magnates has confirmed with the company’s CEO Dmitri Galinov. The firm is introducing the the new mid-point dark pool to address the needs of specific clients that are willing to exchange their inventory without moving the market.

Midmatch has a 3 ms speed bump in order to disqualify the advantages that ultra-high frequency shops have.

Commenting to Finance Magnates, Galinov said: “We have introduced a speed bump in order to equalize the participants’ speed difference from an IT perspective. Nowadays the difference ... (read more)