By Alexis Xydias
Jan. 29 (Bloomberg) -- NYSE Euronext’s New York Stock Exchange will today start a new block trading platform that allows traders to execute large transactions in anonymity.
The New York Block Exchange is a joint venture between the operator of the New York bourse and BIDS Holdings LP, an equity trading network owned by 11 brokerage firms, the partners said in a release dated Jan. 26.
Block trades, often transactions of 10,000 shares or more, have dropped by half at the New York Stock Exchange since 2006.
To contact the reporter on this story: Alexis Xydias in London at axydias@bloomberg.net.
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