Asian Capital Markets - Growth of Crossing Engines.

Broker crossing engines are not new in Japan. Citi has launched internal crossing engine called "Citi Match". This will increase access to Citi's internal liquidity pool and reduce trading cost.

Here is the list of other crossing engines in Japan

Credit Suisse's - Crossfinder.
Goldman Sachs's - Sigma X.
Bank of America/Merril Lynch's - MLXN.
Morgan Stanley's - MS Pool.
UBS - PIN.

How industry can measure success of crossing engines ?

1. Number of Trades ( Published at times )
2. Trading Cost. (No data around this)