JPMorgan will garner access to the largest pool of block liquidity in Europe via SIX Swiss Exchange and Liquidnet’s Service – the exchange’s partnership (SLS) will help provide improved average execution sizes with optimized price improvement and minimal market impact, per a SIX statement.
SLS represents a lengthy accord between SIX Swiss Exchange and Liquidnet that was designed to help unite hundreds of buy-side institutions across upwards of thirteen markets. Per the latest access, SLS will be providing JP Morgan with access to block liquidity – JP Morgan is the latest company to connect to SLS in the recent months given a backdrop of rising volumes.
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According to Gregor Braun, Head Product Sales at SIX Swiss Exchange, in a statement on the extension: “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.”
“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,” added Chris Andrew, Executive Director at JP Morgan, in an accompanying statement.