Robert Barnes, CEO of LSEG’s Turquoise, tells The TRADE there has been an underlying change in how business is getting done.
Tag: Block trading
In October this year, the Turquoise Plato Block Discovery platform saw eight record days of trading activity.
Bloomberg will allow pre- and post-trade allocations so that clients can trade for multiple funds in one block on Bond Connect.
Analysis by TABB Group finds that dark pools volumes reached the largest share of on-exchange in April since before MiFID II was implemented.
When it comes to seeking liquidity under MiFID II, a survey of senior traders has found that periodic auctions and conditional order types are the most useful.
EU policymakers are looking to extend the tick size regime to SIs, periodic auctions and block trading venues, but the buy-side is concerned about the potential impact this could have on trading at the midpoint.
October was a strong month for block trading activity, with Cboe and LSEG reaching new records on their platforms.
Value traded of block trading in Europe saw record highs last week, led by Liquidnet, ITG POSIT, Cboe LIS and Turquoise Plato.
POSIT Alert conditional orders are already available in Europe, the Middle East and Africa, and the US.
Cboe LIS continues to win over the buy-side with 158 asset managers now using the platform to trade large blocks under MiFID II.