Trading

Exclusive club: No HFTs allowed at Luminex

New private trading platform is designed to give the world’s largest asset managers a new place to buy and sell stock

Luminex is 60.8% owned by the US investment giant Fidelity
Luminex is 60.8% owned by the US investment giant Fidelity Photo: Getty Images

The most exclusive new club on Wall Street opens for business next week and there are a few things you won’t find: members with under a billion dollars or high frequency traders.

Those are among the rules laid out by the founding members of Luminex, a private trading platform designed to give the world's largest asset managers a new place to buy and sell large blocks of stock.

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