Barclays launches a new equities trading platform built on Nasdaq's market technology. They already have their own dark pool... I guess this is a platform for larger block trades?https://www.businesswire.com/news/home/20201208005167/en/Barclays-Launches-BARX-Book-for-Equities-a-New-Single-Dealer-Platform-Developed-in-Partnership-With-Nasdaq …
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sure. one last comment -- pretty interesting that nasdaq will provide this: "BARX Book will offer support in the near-future for Conditional Orders in addition to a Closing Cross."
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recall that nasdaq & NYSE fought CBOE/BATS aggressively on its approval for a closing mechanism to match primary market closing prices. (see, e.g., https://www.sec.gov/comments/sr-batsbzx-2017-34/batsbzx201734-3432889-162194.pdf …).
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Yes, this is indeed the CRB with new tech and new branding. It's been around for many years but has grown more sophisticated. Running on the NASDAQ tech vs legacy build allows focus to be on the intelligence rather than infra. Taken several years to get this done but good move.
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