Liquidnet


Liquidnet beefs up European algo sales team

Global institutional trading network Liquidnet has hired Chris Jackson as European head of its Execution and Quantitative Services group. This new role will involve setting the strategic direction of the European trading desk and Algorithmic Services Group, as well as heading the sales effort for Liquidnet’s global algorithmic offering with European clients.

Liquidnet seeks to remove buy-side burdens with new platform

Buy-side block trading network Liquidnet has launched a new platform called Liquidnet 5, which it says will help to cut down on conflicts that might affect best execution. The move is part of a wider shift as the buy-side seeks to claim more independence from the sell-side.

New BAML trading system aims at “disillusioned” investors

Bank of America Merrill Lynch is seeking to attract long-term investors who have become disillusioned with equity markets. Its new trading system, Instinct Natural, is a crossing network that is clearly geared towards customers that want to trade in blocks. But market participants have expressed concerns about its potential to meet the needs of long-term investors.