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July 15, 2020 – FlexTrade Systems, a provider of multi-asset execution and order management systems, announces direct availability of Liquidnet’s Targeted Invitations in its multi-asset trading blotter for equities.
The functionality provides traders with targeted natural liquidity from other Liquidnet buy-side members and selected brokers, directly into the parent order blotter. With a minimum order size of 3 x LIS for EMEA equities, 25k shares/15% ADV in Americas, and $1.5M/25% ADV in APAC, and an average execution size of about $1.8M*, this quick availability of this actionable liquidity is critical for achieving Best Execution. Traders can access the liquidity through one- or zero-clicks, with the appropriate routing strategy being defined in the targeted invitation itself, maintaining full control and further improving efficiency.
Andy Mahoney, Managing Director EMEA at FlexTrade Systems, noted: “We are very excited to offer this innovative new functionality in partnership with Liquidnet. While highly targeted, actionable liquidity, with zero information leakage, has been available for some time in our parent order blotter, this really takes it to the next level. Targeted Invitations contain machine-readable instructions on what strategy the trader should employ, which is key to workflow optimisation.”
Tony Booth, Head of Liquidnet Dublin stated: “Working with FlexTrade has allowed Liquidnet to deliver high quality, LIS actionable Targeted Invitation liquidity, directly into the trader’s EMS for immediate execution. This is part of a broader collaboration with FlexTrade which also includes delivering leading indicators and predictive signals from Liquidnet Investment Analytics to improve our mutual customers’ decision-making processes.”
(* Source: Liquidnet internal data, H1 2020.)
