Liquidnet has launched SuperBlock Targeted Invitations (TI), extending its existing liquidity discovery functionality to its SuperBlock initiative.
Developed in partnership with Liquidnet’s SuperBlock Advisory Group, the offering allows buy-side traders to notify selected counterparties of their intent to trade, with the aim of sourcing natural liquidity while minimisingmarket impact, trading costs and information leakage.
Every SuperBlock TI is backed by a live client order in Liquidnet, giving recipients greater confidence that the opportunity is actionable.
Chris Jackson, global head of equities at Liquidnet, said: “Clients tell us they want higher quality blocks, the SuperBlock initiative has been our response to that. SuperBlock has been hugely successful since launch, meeting increasing demand to efficiently execute large blocks in a trusted, unconflicted environment.
“SuperBlock TI takes this initiative a step further by redefining how natural block opportunities are surfaced and acted upon. By putting the buy-side in control of how interest is distributed, we help protect against information leakage and enable traders to source more actionable liquidity opportunities within our $110 billion dark pool.”
Read more – Liquidnet Leads: Dark is material – Why dark pools matter in European markets
Liquidnet launched its SuperBlock initiative in 2024, with more than 1,500 SuperBlocks traded globally since launch.
The launch follows Liquidnet’s unveiling last month of Liquidnet Meridian, an electronic trading platform that consolidates dark, lit and alternative liquidity through a single agency gateway, providing access to more than 166 venues across 56 countries.