04.22.2024

Liquidnet Launches SuperBlock Matching

04.22.2024

Liquidnet, a leading technology-driven agency execution specialist, announced its new equities SuperBlock™ initiative, with the launch of SuperBlock™ Matching. This enhancement to the Liquidnet equities application brings new functionality where traders can signal and participate in exceptionally large or illiquid block trades with a single click.

SuperBlock™ minimum trade size will vary by market and each stock’s market capitalization, focused on assisting with the most difficult executions and orders.

The SuperBlock™ initiative marks a natural evolution of the Liquidnet equities offering. By leveraging the firm’s extensive global buy side community and expertise in facilitating block trades, this new solution suite aims to make it even easier to execute very large blocks of stock within a highly trusted environment. It marks the beginning of a series of workflows and services to help Members find unique liquidity and execute their most challenging trades.

The initiative starts with SuperBlock™ Matching, offering Members the choice to match with each other in a fundamentally different way, and offers further control over the execution of their most difficult blocks.

Mark Govoni, CEO, said: “Our SuperBlock™ initiative is a testament to the trusted relationship we have with our Members. The creation of a protected space to trade the most challenging blocks is a direct response to a request from our Membership and is an extension of our existing block trading offering, to facilitate more complex and nuanced trades.”

Rob Cranston, Global Head of Equities Product, said: “SuperBlock Matching is another success from our innovation hub, Liquidnet Labs. A little under a year ago we tested and validated this concept with our Membership community. Fast-forward to today and we have an efficient environment that we believe will significantly improve opportunities for members to systematically trade very large blocks.”

Source: Liquidnet

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