Deutsche Börse announced that it will soon launch Liquidnet, its new block trading service. Liquidnet will be available on July 29 at Xetra MidPoint.
Liquidnet will enable more than 240 members of Xetra to trade directly with the trading service's network of 700 plus asset management firms. The platform will be safe and effective and characterized by minimal market impact as well as maximum improvement in price. The new block agent model combined liquidity from multiple sources and increased the probability of large orders being executed at midpoint.
"Connecting Liquidnet provides our members the opportunity to execute block sized orders in a manner that serves the specific requirements of this segment, with all advantages of exchange trading via Xetra MidPoint. The Block Agent model offers access to considerably greater block liquidity for Xetra MidPoint execution, increasing execution probability for all Xetra participants," said Martin Reck, Cash Market Managing Director at Deutsche Börse.
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