Liquidnet has integrated its actionable alerts to its equities trading application, in order to improve execution and alpha generation.
The service, which will be available to all US and Canadian clients, will be powered by Liquidnet’s suite of algorithms.
The firm said that this next evolution of its equities trading application aims to improve liquidity-seeking capabilities through new alerts.
They will provide traders with the opportunity to quickly take advantage of liquidity events created by dark blocks as well as the ability to reengage within the Liquidnet network on missed opportunities to trade.
They include the Surge Opportunity alert which was designed off of the success of Surge Capture, the inaugural feature released from Liquidnet’s innovation hub, Liquidnet Labs, according to the firm.
Leveraging their own liquidity, these prompts were designed to help traders stay ahead of sudden market movements and capture opportunities that might otherwise be missed.
Surge Opportunity alerts traders of block trades executed in the market and giving them the opportunity to take advantage of these liquidity events.
“Finding block liquidity, particularly in the current market conditions, can be challenging,” said Rob Cranston, global head of equities product at Liquidnet. “We’ve seen client success through Surge Capture, and so Surge Opportunity builds off that concept of prompting clients to catch relevant liquidity after a block print.
He added, “These technology-driven solutions enable our clients to capture these sudden spikes in liquidity and avoid missing out. These new capabilities and alerts are truly unique in the market.”
Liquidnet also introduced a new interface providing clearer navigation and allowing traders to access calibrated analytics.
The firm said it is delivered in a way that fits their workflow to help them define trading strategy and further reduce their costs of trading.
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