Block Crossing Networks, and one bites the dust!

Not to say that my previous post was prophetic or that I had an inkling that this (story) was in any way eminent, which I didn't, but hey the post does appear to have been perfectly timed even if it was all by pure chance!

In essence, Harborside+ or Liquidnet's closest competitor has seized its trading operations on Friday May 13th and is currently being investigated by the SEC. I'm not saying that this would become the fate of everyone in this space rather that the concept of block-crossing-networks will become less significant as more buy-side firms get their legs in algo-trading shape.