Independent asset management firm, Pictet, has announced it is the latest firm to connect to European block liquidity pool, SLS.
SLS – a service developed by SIX Swiss Exchange and Liquidnet - connects users to over 780 buy-side institutions for block liquidity.
Pictet has become the latest firm to announce a connection to SLS, as Kepler Cheuvreux joined just last week.
Global head of electronic execution services at Kepler Cheuvreux, Thomas Biotteau, said the connection is “part of our liquidity strategy.”
Pictet’s clients will have access to the SLS pool, consisting of firms trading more than 3,800 large- mid- and small-cap stocks across Europe.
Global head of sales at Pictet & Cie, Philippe Givel, said the connection came about due to the “growing demand for trading block liquidity”
SLS claims to give users access to “genuine block liquidity with unrivalled average execution size providing maximum price improvement and minimal market impact.”