Instinet, a global broker for the service, announces a strategic reconstruction of BlockMatch’s RFQ space in “Blockmatch Select”. This change responds to the growing demand from the market for increased liquidity access and reflects the role of Instinet as a leading liquidity battery.
With this update, Instinet’s Blockmatch will offer three separate trading books:
- Blockmatch dark
- BlockMatch Select (former Blockmatch RFQ)
- Blockmatch nt
“Blockmatch Select represents our commitment to bilateral liquidity optimization,” said Simon Dove, head of liquidity on Instinet. “Strengthens current work flows by providing automated access to a wide range of market flow flows and complementary sources of liquidity, which will allow a menu offering a choice for a whole series of Algo and DMA.”
Key features of BlockMatch Select include:
- Seamless connectivity through Instinet’s execution platform
- Fully designed, hinged work flow, with the option targeting liquidity on a customized basis
- Collapse of liquidity and risk providing through a transparent, adjustable platform.
This development utilizes Instine’s extensive history of liquidity aggregation, providing customers a distinct advantage in accessing and optimizing bilateral liquidity.
“Our platform allows customers to improve their methods of access and interaction,” Dove added. “We are not simply facilitating transactions. We are limiting a Premium liquidity experience tailored to our client’s needs.”
“Responding to the needs of our customers, we have developed a solution that is facing Europe’s continued challenges of liquidity, said Salvador Rodriguez, head of EMEA’s global execution services.