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Merrill Lynch Launching Block Trading System

Traders Magazine Online News, February 4, 2013

Peter Chapman

Merrill’s plan is to capture and trade its customers’ large “parent” orders as opposed to the smaller “child” orders that typically have been traded in the Instinct X dark pool. The new service, called ‘Instinct Natural,’ is intended to act as a block-trading system similar to those operated by Liquidnet or BIDS Trading.

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