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 company said in its quarterly report that the market for bitcoin and other cryptocurrencies has been “extremely volatile” since last summer, when prices fell below $300. 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.