Technology-driven agency execution specialist Liquidnet has launched a SuperBlock Matching intiative, which is intended to help traders signal and participate in exceptionally large or illiquid block trades.
SuperBlock minimum trade size will vary by market and each stock’s market capitalisation, focused on assisting with the most difficult executions and orders.
According to a press release, the SuperBlock initiative marks "a natural evolution of the Liquidnet equities offering. By leveraging the firm’s extensive global buy side community and expertise in facilitating block trades, this new solution suite aims to make it even easier to execute very large blocks of stock within a highly trusted environment. It marks the beginning of a series of workflows and services to help members find unique liquidity and execute their most challenging trades".
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