Instinet Adds XTX Markets To SI Liquidity Aggregation11.05.2018
Instinet Europe Limited (“Instinet”) today announced that XTX Markets (“XTX”), the leading cross-asset liquidity provider in Europe*1 , has gone live as a provider of bilateral streaming liquidity on their Systematic Internaliser aggregation platform. XTX trades over $150bn ADV across asset classes and has a passive market share of continuous trading volumes on lit Pan-European equity venues of over 11.50%*.
Ben Stephens, Head of Business Development for Instinet Europe, said: ‘We are pleased to further expand our SI liquidity aggregation offering through this new bilateral connectivity with XTX Markets. They have built a strong reputation for providing competitive and consistent low market impact liquidity, which we believe will deliver benefits to our clients. We are delighted to have them on board.’’
Jigar Patel, Global Head of Business Development at XTX Markets, said: ‘We are excited to offer bilateral liquidity to Instinet’s clients, and further expand our equity SI offering. We have received positive feedback from brokers and end users that our unique, risk-holding liquidity has been beneficial to their trading activities. It makes us a good match with Instinet’s agency model and their focus on execution quality.”
Instinet is a leading agency model broker in the aggregation of SI and other market liquidity. This latest liquidity integration provides the firm’s institutional investor clients with incremental and diversified equity and ETF liquidity opportunities. The firm was an early mover in the navigation of the new liquidity environment in the months leading up to the implementation of MiFID II, and continues to offer clients a transparent and efficient way of accessing SI liquidity.
CDSClear is creating a single pool of liquidity that is appropriate for both US and European clients.
Private market exposure is growing and managing liquidity has been an onerous manual process.
Intraday markets play an important role in banks’ liquidity optimisation strategy.
The collaboration increases access to corporate bond liquidity.
European trading in fixed income instruments is highly fragmented and non-transparent.