The D3 Network is a new financial information network and search engine that will facilitate investment opportunities and liquidity for unlisted and illiquid listed securities worldwide. It will support unified, global access to private placements and secondary trading opportunities.
The D3 Network is an investment network for pre-qualified investors and broker-dealers, facilitating direct access to potential counterparties, anonymous price discovery, and negotiated private trades of both unregistered and registered securities.
EuroECN will operate a high-frequency, algorithmic electronic marketplace that implements pre-trade analytics, price discovery and price improvement. Initially, its focus will be on consolidation of the Best Bid/Offer for pan-European ‘Blue Chip’ securities.
EuroECN aims to deliver a low cost platform featuring streamlined order entry, clearing and settlement. It will include an ‘Alternative Trading System’-like architecture to route non-EuroECN asset classes to partner exchanges and the D3 Network. EuroECN has the active support of the Government of Luxembourg.
The D3 Network is scheduled to commence commercial operations in the third quarter of 2006, and EuroECN in the second quarter of 2007.
