Citigroup is planning to unveil a new dark pool by the end of 2011, Financial Times reports. The platform Citi Cross will allow high-speed dealers to trade with small, individual investors.
The new platform will enable Citi to pass orders that are unfilled by its market-making business through Citi Cross before going to the market. Currently, retail trades at Citi go via its existing dark pool Citi Match.Click here for the story from Financial Times.