Instinet, the global agency-only broker, has rebranded its BlockMatch RFQ venue as “BlockMatch Select”, in response to growing buy-side demand for improved access to liquidity. This change marks a strategic update in Instinet’s multilateral trading facility (MTF), which will now comprise three trading books: BlockMatch Dark, BlockMatch Select, and BlockMatch NT.
BlockMatch Select aims to enhance bilateral liquidity optimisation and streamline trading workflows. It offers automated access to a broad range of market participants and liquidity sources. Key features include seamless integration via Instinet’s execution platform, a configurable modular workflow for tailored liquidity targeting, and a regulated, transparent environment for risk and liquidity management. This update reinforces Instinet’s role as a key liquidity aggregator in electronic trading.
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