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

Deutsche Bank, XTX and Saxo Bank go live on Cobalt FX post-trade infrastructure

Cobalt, the foreign exchange (FX) infrastructure based on shared ledger and high-performance technology, is now live with Deutsche Bank, XTX Markets and Saxo Bank.

... Read more »

Murex Extends Connectivity to B-PIPE on AWS

Murex, the global leader in trading, risk and processing solutions for capital markets, is pleased to announce that its flexible MX.3 platform can now be connected with the... Read more »

Wai Kin Chan joins BidFX as Head of Asia Pacific

BidFX is proud to announce and welcome Wai Kin Chan as the Company’s new Head of Asia Pacific. Wai Kin will be responsible for sales team leadership, driving sales growth in... Read more »

SMBC Nikko London replaces Bloomberg SSEOMS with Itiviti’s multi-asset OMS platform

Itiviti, a leading technology, and service provider to financial institutions worldwide, today announced that SMBC Nikko London Capital Markets, a full scope IFPRU investment... Read more »

BidFX Liquidity Offering Keeps Growing, Adds Jump Liquidity

BidFX, an industry leading EMS designed for the 5 trillion daily FX market, is pleased to announce that Jump Liquidity, one of the world’s leading proprietary trading firms,... Read more »

Goldman Sachs selects QuantHouse to accelerate market data distribution from its SIGMA X MTF European platform

QuantHouse, the global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure products and part... Read more »

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