Listed derivatives blocking network InTick’s block matching platform has gone live during the June ICE gilt and Eurex fixed income futures rolls.
James Goater
The platform facilitates the exchange of active futures block orders, addressing inefficiencies experienced when executing and booking exchange-traded assets.
James Goater, chief executive of InTick, said: “It’s so great to have realised the innovation that has been lacking for so long in this area of trading, and it is particularly gratifying to see how both buy- and sell-side participants are embracing the change that is so desired and needed.”
“With InTick, we are fully challenging the status quo of high touch, listed derivatives block trading. Across the market, we are now solving the significant inefficiencies in executing and blocking exchange-traded assets.”
The InTick network is now able to show axes across different contracts.
The platform also allows for electronic all-to-all client matching for both equities and fixed income futures markets via a consolidated order book.
Ben Parker, co-founder and chief operating officer, InTick, said: “We now have an opportunity to deliver the benefits of digitised processes to those organisations looking to embrace innovation, optimise block futures trading and drive business growth.
“Our aim is to expand the listed derivative blocking network and open new trading opportunities for all market participants.”