Crossing networks have struggled to make a big impact in Europe but they are rapidly gaining traction in the Canadian market.
Crossing networks are alternative trading systems that anonymously match orders at the mid point of the bid-offer spread.
ITG, which launched its crossing centre in Canada as recently as the fourth quarter of 2005, has already seen its market share rise to 4.1% of the volume of the dominant Toronto Exchange, TSX.
Instinet
Instinet, which plans to launch a continuous crossing network called...
