Alpha ATS announces intention to provide dark order services
On July 16, Alpha ATS announced plans to offer new order types through its Alpha IntraSpread facility, specifically dark orders and "seek dark liquidity" (SDL) orders. Dark orders are fully hidden and provide no pre-trade transparency, while SDL orders are used to interact with the dark liquidity of the same subscriber. Alpha ATS is accepting comments on its proposals until August 16, 2010 and it stated that if no regulatory concerns are raised, it may implement the changes by August 30, 2010.
