DST International (DSTi) is to provide users of its order management product, HiOrders, with access to institutional alternative trading system Liquidnet.
Liquidnet is a buy-side only marketplace that brings buyers and sellers together without intermediairies. The system allows buy-side firms to trade large blocks of stock directly and anonymously, bypassing the exchanges completely.
HiOrders already links to multiple sources of liquidity for order routing and execution. Mike Winn, DSTi's chief executive officer, says: "Liquidnet represents another pool of liquidity for HiOrders dealers to work their orders in the marketplace."
Liquidnet says the integration of its service into the DSTi HiOrders system is key to obtaining critical mass in the UK and European marketplace.