Six Swiss Exchange partners Liquidnet on block-trading platform

Six Swiss Exchange partners Liquidnet on block-trading platform

Six Swiss Exchange has teamed with buy-side trading network Liquidnet on a platform to let members execute large block trades in European securities.

The deal sees the Swiss exchange's members gain access to Liquidnet's liquidity pool. In return, Liquidnet members will benefit from the additional liquidity provided by Six participants.

From the second quarter, Swiss exchange members will be able to use their existing front-end systems to trade in around 3600 international securities, covering, initially, Switzerland, the UK, France, Germany and the Netherlands.

The bourse says that after minor changes to its standard trading interface, accessing the newly available non-displayed liquidity will be simple, with members just needing to update their clearing and settlement instructions for international securities.

Christian Katz, CEO, Six Swiss Exchange, says: "This agreement with Liquidnet delivers clear value to our members through the interaction with the buy-side who are party to Liquidnet's non-displayed block liquidity pool. Having access to this additional liquidity will greatly simplify and accelerate our members' trading activities allowing for improved investment returns by simply adopting a strategy of directing more order flow to this block trading pool."

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