SIX Swiss Exchange Connects Pictet to its SLS Liquidnet Service
- With its connection to SLS, Pictet joins the largest pool of buy-side block liquidity in Europe.
SIX Swiss Exchange today announced that Pictet, a Swiss private bank, has connected to SLS, the SIX Swiss Exchange Liquidnet Service.
We are happy to offer our existing and new clients direct access to SLS.
SLS is a long-standing partnership of SIX Swiss Exchange with Liquidnet in which sellside firms providing block-size orders add to its diverse pool of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term. Alongside Liquidnet, SLS offers access to genuine block liquidity with unparalleled average Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term size, providing maximum price improvement and minimal market impact.
Commenting on the agreement, Philippe Givel, EVP, Global Head of Sales at Pictet, said: "We have seen growing demand for trading block liquidity and are happy to offer our existing and new clients direct access to SLS."
Pictet is one of Switzerland's leading private banks and prominent independent asset managers in Europe. With its connection to SLS, Pictet joins a community of over 780 buyside institutions actively trading in over 3,800 large, mid and small cap stocks across Switzerland, Austria, Belgium, Denmark, Finland, France, Germany, Netherlands, Portugal, Sweden and the United Kingdom.
SIX Swiss Exchange, an independent European exchange, offers liquidity in trading of Swiss securities and connects companies around the world with international investors and trading participants. Finance Magnates last reported on the exchange back in June after it welcomed Jane Street Financial Ltd as a new participant.
SIX Swiss Exchange today announced that Pictet, a Swiss private bank, has connected to SLS, the SIX Swiss Exchange Liquidnet Service.
We are happy to offer our existing and new clients direct access to SLS.
SLS is a long-standing partnership of SIX Swiss Exchange with Liquidnet in which sellside firms providing block-size orders add to its diverse pool of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term. Alongside Liquidnet, SLS offers access to genuine block liquidity with unparalleled average Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term size, providing maximum price improvement and minimal market impact.
Commenting on the agreement, Philippe Givel, EVP, Global Head of Sales at Pictet, said: "We have seen growing demand for trading block liquidity and are happy to offer our existing and new clients direct access to SLS."
Pictet is one of Switzerland's leading private banks and prominent independent asset managers in Europe. With its connection to SLS, Pictet joins a community of over 780 buyside institutions actively trading in over 3,800 large, mid and small cap stocks across Switzerland, Austria, Belgium, Denmark, Finland, France, Germany, Netherlands, Portugal, Sweden and the United Kingdom.
SIX Swiss Exchange, an independent European exchange, offers liquidity in trading of Swiss securities and connects companies around the world with international investors and trading participants. Finance Magnates last reported on the exchange back in June after it welcomed Jane Street Financial Ltd as a new participant.