Instinet’s BlockMatch Announces Venue Name Change and Enhanced Liquidity Optimisation

Instinet, a leading global agency-only broker, announces a strategic rebranding of its BlockMatch RFQ venue to “BlockMatch Select”. This change responds to increasing buy-side demand for enhanced liquidity access and reflects Instinet’s role as a leading liquidity aggregator. 

With this update, Instinet’s BlockMatch MTF will offer three distinct trading books:

• BlockMatch Dark
• BlockMatch Select (formerly BlockMatch RFQ)
• BlockMatch NT 

“BlockMatch Select represents our commitment to bilateral liquidity optimisation,” said Simon Dove, Head of Liquidity at Instinet. “It enhances current workflows by providing automated access to a wide range of market participant flow and complementary liquidity sources, which will allow a menu offering choice for a whole range of algo and DMA workflows.” 

Key features of BlockMatch Select include:

• Seamless connectivity via Instinet’s execution platform
• Fully configurable, modular workflow, with the option to target liquidity on a tailored basis
• Curation of liquidity and risk provision through a transparent, regulated platform

This development leverages Instinet’s extensive track record in liquidity aggregation, providing clients with a distinct edge in accessing and optimizing bilateral liquidity.

“Our platform allows clients to enhance their liquidity access and interaction methods,” added Dove. “We’re not just facilitating trades; we’re curating a premium liquidity experience tailored to our client’s needs.”

“In response to our clients’ needs, we’ve developed a solution that tackles Europe’s persistent liquidity challenges, said Salvador Rodriguez, EMEA Head of Global Execution Services. “Our innovative workflow, leverages Instinet’s proven execution platform, extensive liquidity access, and far-reaching distribution network to seamlessly connect diverse industry participants.”