Liquidnet introduces SuperBlock

This expansion to the Liquidnet stocks application brings new features that allow traders to signal and participate in exceptionally large or illiquid block trades with a single click.

SuperBlock™’s minimum trade size varies depending on the market and market capitalization of each stock and is focused on assisting with the most difficult executions and orders.

The SuperBlock™ initiative marks a natural evolution of the Liquidnet equity offering. By leveraging the company’s extensive global buy-side community and expertise in facilitating block trades, this new suite of solutions aims to make it even easier to execute very large blocks of shares in a highly trusted environment. It marks the beginning of a suite of workflows and services designed to help members find unique liquidity and execute their most demanding trades.

The initiative begins with SuperBlock™ matching, giving members the ability to match with each other in a fundamentally different way and providing further control over the execution of their most difficult blocks.

Mark Govoni, CEO, said: “Our SuperBlock™ initiative is a testament to the trusted relationship we have with our members. Creating a protected space for trading the most sophisticated blocks is a direct response to a request from our members and an expansion of our existing block trading offering to enable more complex and differentiated trades.”

Rob Cranston, Global Head of Equities Product, said: “SuperBlock™ Matching is another success of our innovation center Liquidnet Labs. A little less than a year ago, we tested and validated this concept with our member community. Today we have an efficient environment that we believe will significantly improve the ability of members to systematically trade very large blocks.”