Liquidnet, an agency execution specialist owned by TP ICAP, has announced that their equities trading app now includes actionable alerts, thanks to a technology upgrade.
Liquidnet announced that US and Canadian clients now have access to actionable alerts, supported by Liquidnet’s selection of algorithms. These alerts permit traders to take advantage of liquidity events created by dark blocks. And to rejoin the Liquidnet network on opportunities to trade that were previously missed.
Head of Business Development, Americas, Alan Polo, 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.
Global Head of Equities Product at Liquidnet, Rob Cranston, 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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