Credit Suisse and Instinet in dark pool accord

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Snubbed by the Goldman Sachs-Morgan Stanley-UBS dark pool link-up, Credit Suisse is mad as hell and isn't going to take it any more. Even as it presses for industry-wide liquidity linkages, it has inked a deal with Instinet, reports Financial News Online. The two have combined their dark pools effectively, boosting liquidity for their customers. This will not likely be the last linkage for either service, with various liquidity sources. In Europe anyway, Financial News Online notes that there has been a lot of behind-the-scenes discussion about various linkages. All this is occurring as two big players, the London Stock Exchange and the NYSE, prepare their dark pools services for launch later this year.

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