NYSE Euronext has set up a new program in the U.S. for taking back market share from dark pools, Financial Times reports. The exchange has filed with the Securities and Exchange Commission (SEC) for offering “dark orders” only to retail customers. The bourse will create a new set of traders who will pay a fee but also get incentives for posting such orders only for retail liquidity providers (RLPs).
As per the new structure, the prices will not be displayed and owners of the pools can discriminate for or against specific types of orders. The NYSE will assign the title “retail member organizations” when member brokers attest that their orders came from retail or from another non-member managing retail trades.
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