Deutsche Börse, Liquidnet Collaborate on German Block Trading
The partnership will allow Xetra's members to trade directly with Liquidnet's buy-side membership base, with the latter acting as the block agent. All German shares settled through central counterparties are eligible for the service.
"We have long championed borderless equity trading by opening up investment opportunities for our members in markets where they can create value and improve their investment performance," says Mark Pumfrey, head of EMEA at Liquidnet. "When combined with an average execution size of €1.1 million on our platform, the Xetra MidPoint liquidity will significantly enhance institutional block trading in German stocks. We believe this cooperation will make trading of these stocks more efficient, drive performance, and lead to an increase in foreign institutional investment."
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