Liquidnet is set to integrate actionable alerts to its equities trading application to improve execution and alpha generation.
This latest addition to Liquidnet’s equities trading application, which is available to all US and Canadian clients and powered by the firm’s suite of algorithms, will offer improved liquidity-seeking capabilities through new alerts.
These alerts will offer traders the ability to quickly take advantage of liquidity events created by dark blocks, alongside the chance to reengage within the Liquidnet network on missed opportunities to trade.
Liquidnet has also introduced a new Surge Opportunity alert, designed based on Surge Capture, a feature released by the firm’s innovation hub, Liquidnet Labs.
According to Liquidnet, these prompts will leverage their own liquidity and are designed to help traders stay on top of sudden market movements and capture opportunities that might otherwise be missed.
The new Surge Opportunity alert will keep traders posted on block trades executed in the market, while also giving them the opportunity to take advantage of these liquidity events.
“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,” said Alan Polo, head of business development, Americas.
“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.”
Alongside the new alerts, Liquidnet has also introduced a new interface offering improved navigation while also providing access to calibrated analytics.
“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,” said Rob Cranston, global head of equities product at Liquidnet.