NYSE Euronext block-trading platform readies for roll-out

A new block-trade execution venture from NYSE Euronext is set to open for business in the coming weeks, according to a senior official.

The venture is part of NYSE Euronext's effort to fend off competition from dark pools, where large orders are transacted away from the open market. Such off-exchange venues have found favour with hedge funds and institutions that want to execute massive transactions without moving the market and cutting into their own profits.

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