New dark pool startup faring well?

Since the start of last year, the number of so-called dark pools has doubled to more than 40, according to Financial News Online. Obviously not all of these guys will survive. Most people are assuming that some consolidation will eventually take hold. But not until more services test the waters. The apparent success of two startups is a sign of the industry's growth prospects. LeveL--created by Citi, Credit Suisse, Fidelity Brokerage, Lehman Brothers and Merrill Lynch--launched late last year and is putting up some good numbers. You can say the same for Bids Trading, launched by 12 brokerage firms, also including Citigroup, Lehman and Merrill Lynch. The need to trade quickly, anonymously and in bulk is only growing. The NYSE launches MatchPoint next month.

For more:
- here's the article from Financial News Online

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