Liquidnet Partners With Fidessa On Block Trading

Liquidnet has integrated its electronic trading services directly into a href=https://www.fidessa.com target=”_blank”>Fidessa’s EMS Workstation to boost block trading execution capabilities, according to today’s release from the institutional equities marketplace.

Through the partnership, users of Fidessa’s EMS Workstation trading platform for equities will have seamless access to over $12.5 trillion in block liquidity from Liquidnet’s more than 630 global members spanning 29 equity markets, according to the release.

The alliance is intended to boost execution capabilities with Liquidnet and Fidessa collaborating on functionality that provides real-time interaction between Fidessa’s EMS trade blotter and Liquidnet’s block pools.

Fidessa’s EMS Workstations’ open technology framework and advanced Software Development Kit (SDK) made it possible to introduce the “unique” offering directly within an EMS and enables Liquidnet to deploy future functionality into the EMS Workstation, the company said.

In a statement, Adrian Fitzpatrick, head of investment dealing at Aegon Asset Management, and an independent non-executive director of Liquidnet Europe, explains, “We sought an innovative, secure, quick to deploy, broker neutral solution that would allow us to deliver the very best execution services for our clients. Due to its additional functionality which goes beyond a patented blotter scrape, we are able to achieve superior order control.”

In the same release, John Barker, head of international at Liquidnet commented, "This is yet another example of how Liquidnet continues to introduce new functionality and trading strategies that will enhance the experience for our Members and program trading clients. By deploying this integration with Fidessa's platform, we maintain our drive to achieve the optimal platform for interacting efficiently with our safe block liquidity. We continue to look for opportunities to partner with broker neutral platforms where our Members can benefit.”

This is the second partnership that Liquidnet forged with an EMS provider to integrate its block liquidity directly into an EMS trading platform. In December of 2010, Liquidnet partnered with UNX LLC to integrate its full suite of electronic trading services and algorithms directly into UNX’s broker-neutral Catalyst trading platform, as reported in Advanced Trading.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio