Ecosystem Pro is the latest addition to the Liquidnet’s offering, which provides institutional trader technology that combines data analytics, liquidity search tools and trading algorithms with MiFID II solutions and real-time market intelligence.
Liquidnet, an institutional trading and equities network, said Ecosystem Pro offers blotter management tools designed to help buy-side traders manage their strategies across multiple symbols simultaneously in its execution ecosystem.
Using a multi-factor model, Ecosystem Pro profiles and streamline every action to rank execution strategies in real-time according to order characteristics, trading objectives, market conditions, and performance targets. Specifically, Liquidnet’s dynamic List Detection allows traders to pause, leverage the company’s analytical tools, and assess which execution tools fit their trading objectives based on individual order characteristics and market dynamics.
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Liquidnet launches operations in Dublin
The new product encompasses three main features: List Detection, Create Wave and Pro Blotter. Liquidnet explains that users can leverage the Create Wave to capture a performance advantage with the ability to act on a wave of orders at once. The trader then can choose to send the grouped orders waves to the Top Ranked Algo as identified by Liquidnet’s Algo Ranking Model or to Liquidnet’s Global Trading Desk for high touch execution.
Liquidnet, which says it has over 1,000 buy-side firms already signed up for its Liquidnet 5, has recently launched its EU operations in Dublin after secured approval from the Central Bank of Ireland to operate as a MiFID II investment firm and an MTF operator.
Commenting on the news, Seth Merrin, Liquidnet CEO and Founder said: “And, most recently, we have added customizable trader intelligence tools to manage and course correct orders as needed according to individual order characteristics and market dynamics. This makes up the Liquidnet Execution Ecosystem. Ecosystem Pro extends this functionality and introduces new tools designed to help our Members navigate this Ecosystem across many names and market conditions simultaneously.”