SLS Supplies JP Morgan With Access to the Buy-side Block Liquidity in Europe

SLS Supplies JP Morgan With Access to the Buy-side Block Liquidity in Europe
17.03.2017 10:30 am

SLS Supplies JP Morgan With Access to the Buy-side Block Liquidity in Europe

Trading Systems , Buy-Side Back and Middle Office

SLS is a long-standing partnership of SIX Swiss Exchange with Liquidnet and provides access to the largest pool of buy-side block liquidity in Europe.

SLS will provide JP Morgan with access to genuine block liquidity with unrivalled average execution size, providing maximum price improvement and minimal market impact. SLS unites participants with over 830 buy-side institutions actively trading more than 3'100 large-, mid- and small-cap stocks across 13 markets. 

Gregor Braun, Head Product Sales at SIX Swiss Exchange, commented: "To enjoy the benefits of SLS, our participants can use their existing connection without any additional fees or contractual agreements. This extends to the post-trade arrangements which include interoperable CCP." 

Chris Andrew, Executive Director at JP Morgan, added: "This is a partnership that will add a unique pool of high quality liquidity to our client offering, consistent with our goal to provide the most diverse and optimal liquidity access." 

Responding to client needs
Since February 2017, SLS includes two additional European markets. The internationalization of the SIX Swiss Exchange Liquidnet Service provides participants with more options to satisfy their growing need for non-displayed trading. JP Morgan is one of several companies connecting to SLS in the recent months in the context of rising volumes. 

Furthermore, the exchange has launched SIX Swiss Exchange At Midpoint (SwissAtMid), which is operated in parallel to SLS, in October 2016. SwissAtMid offers an innovative new way to trade Swiss equities, allowing executions in a non-displayed pool at the mid-point of our lit order book. And the new Sweep order type looks for an execution in SwissAtMid before routing to the lit order book - all in one cycle.

Related News

Mizuho Bank London Implements Orchestrade to Enhance Risk Management

Orchestrade, a leading provider of trading, risk and operations solutions for capital markets, announced today that Mizuho Bank London has gone live on the Orchestrade system... Read more »

Dash to Acquire eRoom Securities

Dash Financial Technologies, the industry’s leading capital markets technology and... Read more »

Saxo Bank’s 10 Outrageous Predictions for 2019:

Will this be the year when Germany enters recession, Apple “secures funding” for Tesla, Trump tells Powell “you’re fired” and Labour sweeps to a resounding victory and... Read more »

NSD and ARQA Technologies Complete Integration of Mutual Fund Distribution Platform with QUIK

National Settlement Depository (NSD), Russia’s central securities depository, and ARQA Technologies have successfully completed the process of integration of NSD’s centralized... Read more »

Asiakastieto, Nordea, OP, Privanet and Tieto to Digitalize Trading of Non-listed Company Shares

This first-of-its kind initiative leverages distributed ledger technology to open up significant opportunities for companies, company personnel, investors, public... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App