Citi Closes CitiCross ‘Dark Pool’ Amid Equities Unit Review

Citi Closes CitiCross ‘Dark Pool’ Amid Equities Unit Review
A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan in New York City on Dec. 5, 2012. Mario Tama/Getty Images
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NEW YORK—A unit of Citigroup Inc. has shut down one of its private stock trading venues, often referred to as dark pools, as part of a broader review of the bank’s equities business, the bank said on May 6.

Citigroup Global Markets’ CitiCross alternative trading system (ATS) ceased operations on April 30, according to a filing from the U.S. Securities and Exchange Commission.