Liquidnet Holdings Inc. said Southeast Asia posted the fastest growth in turnover of any region this year after the operator of off-exchange trading platforms expanded into Thai and Philippine equities.
Liquidnet Holdings Inc. said the value of stock traded in the first 10 months of this year on its six platforms in the Asia-Pacific region exceeded the level for all of 2009 as investors sought alternatives to major exchanges.
The share of Japanese equity trades taking place in dark pools, or private systems that don’t display prices publicly, is growing, according to data from the Tokyo Stock Exchange’s alternative share trading platform.
Centre Point, the dark pool owned by ASX Ltd., reported record trading in August, with A$2.7 billion ($2.84 billion) worth of shares changing hands even as Australia’s main bourse operator sought greater regulation.
So-called “dark pools,” or off- exchange trading platforms that don’t display public quotes, will need a few years before they “take off” in Asia, said Magnus Bocker, chief executive officer of Singapore Exchange Ltd.