Liquidnet has launched a suite of algorithms that is says will address key needs of institutional investors.
The Liquidnet Next Gen Algos have been in development for more than a year and are now available to its US clients, with a global rollout expected to be complete by Q2 2016.
The algo suite will focus on three core areas for clients; seeking large-scale liquidity, outperforming benchmarks and portfolio trading.
Rob Laible, global head of Liquidnet’s Execution & Quantitative Services (EQS) Group, said: “As one of the few unconflicted, agency-only brokers with expertise in lit, dark, and block markets, we are uniquely positioned to design execution strategies that can navigate complex markets to efficiently access the liquidity that institutions need.”
The algos will enable traders to set specific conditions and parameters for accepting block trades while they continue to trade in the broader market.
Since creating the EQS group last year, Liquidnet has put a significant focus on hiring in both New York and London in order to bring expertise in-house to develop a toolset for clients.
EQS will spend the next year focusing on delivering its product suite to Liquidnet members.