Liquidnet launches block trade alerts for US and Canada clients

Rick Steves

“The new Surge Opportunity alert reflects our ability to build on our success to introduce new technology-driven solutions for our clients to help them tap into block liquidity within our global network but also in the market as a whole.”

Liquidnet has integrated actionable alerts into its equities trading application in order to improve execution and alpha generation, available to all US and Canada clients.

The agency execution’s equities trading application offers improved liquidity-seeking capabilities through these new alerts, powered by its premium suite of algorithms.

The alerts provide traders with the opportunity to quickly take advantage of liquidity events created by dark blocks as well as the ability to reengage within the Liquidnet network on missed opportunities to trade.

Developed by Liquidnet’s innovation hub, Liquidnet Labs, the feature is called Surge Opportunity and is considered the next stage of evolution, alerting traders of block trades executed in the market and giving them the opportunity to take advantage of these liquidity events.

The company also launched a new interface providing clearer navigation and allowing traders to access calibrated analytics.

Finding block liquidity can be challenging

Alan Polo, Head of Business Development, Americas at Liquidnet, said: “Our goal has always been to leverage technology and service to help the buy side solve their liquidity and execution challenges. This way of thinking led us to introduce Surge Capture six years ago, which continues to be one of the most innovative features in the market. The new Surge Opportunity alert reflects our ability to build on our success to introduce new technology-driven solutions for our clients to help them tap into block liquidity within our global network but also in the market as a whole.”

Rob Cranston, Global Head of Equities Product at Liquidnet, said: “Finding block liquidity, particularly in the current market conditions, can be challenging. We’ve seen client success through Surge Capture, and so Surge Opportunity builds off that concept of prompting clients to catch relevant liquidity after a block print. These technology-driven solutions enable our clients to capture these sudden spikes in liquidity and avoid missing out. These new capabilities and alerts are truly unique in the market.”

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