Instinet rolls out BlockCross in Europe

Maria Nikolova

BlockCross enables traders to route a variety of conditional, block-size orders to Instinet’s European multilateral trading facility, BlockMatch.

Instinet Europe Limited, Nomura Group’s wholly-owned execution services arm, has announced the launch of BlockCross, a workflow solution for managing block trading in securities, in Europe.

BlockCross enables traders to route a variety of conditional, block-size orders to Instinet’s European multilateral trading facility, BlockMatch.

The European launch follows Instinet’s acquisition of BlockCross for US stock trading in 2017 and allows European and US clients to trade both US and European securities. The success of the crossing platform, which includes a unique ‘blotter scraping’ functionality to optimize interaction with a client’s order blotter, has prompted Instinet to adapt BlockCross for trading European stocks.

This first phase of the rollout will enable clients the opportunity to seek block liquidity in European securities, while minimizing risks of information leakage. Instinet intends to further expand the BlockCross concept on a global basis.

BlockCross is integrated with third party OMS and EMS platform providers, as well as Instinet’s Newport EMS. Clients may also access BlockCross through Instinet’s trading algorithms, or via a direct FIX connection. The graphic user interface (GUI) can be configured to trigger a variety of pop-up alerts or simply operate in the background on automated execution instructions set by the user. This allows to streamline workflow and to minimize the footprint on a trader’s desktop.

Ralston Roberts, Global CEO of Instinet, commented: “Instinet’s role as an agency-model broker is to connect our clients to the widest possible variety of opportunities for quality liquidity. BlockCross will give our clients more chances to efficiently execute block-like trades, while still affording them the ability to manage information leakage.”

Read this next


BlockDAG Transforms Crypto Mining with X1 Beta App Launch, Raises $49.2M in Presale; SEI & BONK Developments

Uncover BlockDAG’s X1 app beta launch, reshaping mobile mining and propelling its presale to $49.2M, eclipsing BONK and SEI.

Digital Assets

Joe Biden’s campaign explores crypto donations via Coinbase

U.S. President Joe Biden’s campaign is in discussions with cryptocurrency industry players about accepting crypto donations through Coinbase Commerce, sources familiar with the matter told The Block.


VGX Foundation and Honeyland Partner to Offer VGX Rewards for Players

The VGX Foundation has announced a partnership with popular web3 game Honeyland, offering rewards utilizing the VGX token for their players.

Digital Assets

Terraform and Do Kwon fined $4.5 billion to settle with SEC

Terraform Labs and its co-founder Do Kwon have reached a final settlement with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Wednesday.

Retail FX

Dukascopy broadens CFD offering with Italian stocks

Switzerland’s forex bank and broker, Dukascopy has just expanded its offering to include Italian stocks and the Italy 40 Index. The new additions allow clients to access a broader range of investment opportunities in the Italian market.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Monetary Policy, US Inflation,Eurozone June 12 ,2024

The Fed meets today to decide on interest rates. A dovish shift (keeping rates steady or hinting at cuts) is expected, weakening the US dollar and potentially boosting gold prices.


BlockDAG Leads CoinSniper Ranking as Presale Surges to $49.2M While Cardano Shows Resilience & ApeCoin Surges

Explore BlockDAG’s #1 ranking on CoinSniper listing as presale booms to $49.2M. More on ADA’s resilience & ApeCoin’s surge.

Market News, Tech and Fundamental, Technical Analysis

Gold Technical Analysis Report 12 June, 2024

Gold can be expected to rise further toward the next resistance level 2385.00, which stopped the previous minor correction B at the start of June.