BlocSec, the first Asian dark pool which caters to both buy-side and sell-side investors, and Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment community, announced today the availability of direct access to Asia-based crossing network BlocSec via the Charles River Investment Management System (Charles River IMS).
BlocSec, wholly owned by CLSA Asia-Pacific Markets, was created to provide institutional investors with optimised execution for their Asian trades and minimise transaction costs and market impact. As a dark pool liquidity aggregator, BlocSec is an essential tool when trading in the Asian markets.
Now, Charles River clients can access BlocSec's liquidity in Japan, Hong Kong, Singapore and Australia to anonymously trade large blocks of Asian equities and efficiently support workflows.
Managing Director, Asia-Pacific at Charles River Cameron Field said the alliance with BlocSec provides Charles River global buy-side clients with another option to easily access Asian liquidity venues. "This alliance is part of our strategy to give clients access to the entire spectrum of trading platforms, including ECNs, ATSs and dark pools," Field said.
Director of Electronic Execution Sales at CLSA Christian Chan said: "Given the current market environment, investors are more focused than ever on finding liquidity, execution cost and quality, responding to this BlocSec provides an alternative source of liquidity with improved execution."
"We are pleased to extend the availability of our anonymous pool of liquidity to Charles River IMS's global client base." Chan added.