A “dark pool” stock-trading venue backed by Credit Suisse Group AG is planning a comeback following a fresh investment from a former bond-industry executive. AX Trading Group Inc. is planning to go live in September with a dark pool for block—or large-scale—stock trades in small and midsize companies, nearly 21/2 years after closing because of low trading volumes. Dark pools are private trading venues where investors can anonymously...
AX Trading Group is planning a September come back nearly 2 1/2 years after low trading volumes caused it to close. The Credit Suisse backed trading venue gained a new stake holder in June when George O"Krepkie, founder Bonds.com bought shares in the firm. The dark pool will operate an auction system for large blocks of shares on small and mid-sized companies, aiming to protect investors by excluding high-speed trading firms.