Liquidnet announced the launch of SuperBlock Matching, an enhancement to its equities application for traders to 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 launch marks the beginning of a series of workflows and services to help members find “unique liquidity and execute their most challenging trades”, according to a company statement.
Mark Govoni, CEO, said in a statement: “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 in a statement “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.”