Liberum T-REX, is set to connect to US-based equities block trading start-up OptimX Markets’ new block trading capability early next year.
“Our collaboration with Liberum highlights our firm’s commitment to provide distribution from the most innovative sources of institutional liquidity across the European marketplace,” said Peter McStay, head of OptimX EMEA.
Through this early adoption of the offering, the business is set to leverage the power of the algorithmic management system (AMS).
In addition, Liberum’s new relationship with BMO Capital Markets’ Clearpool – in which Liberum’s new A-PEX algorithm will connect to Clearpool’s AMS – will allow the business to more easily smart order route, with extra configuration abilities, to OptimX.
Dom Lowres, head of execution strategy at Liberum, said: “We see clear benefits from entering into intelligent partnerships with the best smart order routing partners, enabling us to route to innovative and growing trading destinations.
“There is a clear appetite for new innovations around the block market in Europe. We will offer a true best-in-class user experience to complement the unique retail resident liquidity and other blocks already resting at mids in T-REX and A-PEX”.
Earlier this year, Aquis Exchange confirmed it was acquiring a minority stake in OptimX Markets in a bid to expand its block crossing remit with the investment having been made as part of a consortium including the venture capital arm of Deutsche Boerse Group.