Liquidnet has launched SuperBlock Matching, an enhancement to its equities application which allows traders to signal and participate in exceptionally large or illiquid block trades with a single click.
Liquidnet stated that SuperBlock minimum trade size will vary by market and each stock’s market capitalisation, focused on assisting with the most difficult executions and orders.
The SuperBlock initiative makes it easier to execute very large blocks of stock within a trusted environment.
According to the firm, it marks the beginning of a series of workflows and services to help members access unique liquidity and execute their most challenging trades.
“Our SuperBlock initiative is a testament to the trusted relationship we have with our members,” said Mark Govoni, chief executive at Liquidnet.
“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.”
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The initiative begins with SuperBlock Matching, which offers members the ability to match with each other alongside offering further control over the execution of their most difficult blocks.
“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,” said Rob Cranston, global head of equities product at Liquidnet.
“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.”