Liquidnet, a provider of technology-driven trading execution solutions, has launched Roll Seeker, a new tool designed to improve the efficiency of workflows associated with the execution of futures rolls.
The product, which will serve as a means of discovering contra end-user liquidity interest, was developed in response to Member requests to leverage Liquidnet’s block trading capabilities.
According to a press statement, Roll Seeker will “bring greater structure to the bilateral negotiation process, ensuring best execution with minimal information leakage”.
Roll Seeker, will facilitate the bilateral negotiation of blocks at mid prices in fixed income and equity index calendar rolls. The tool can be accessed directly from Members’ execution and order management systems, or via the Liquidnet desk which offers automated contingent functionality with the exchange order book.
Initially available for UK and European fixed income and equity index futures, this marks the product’s first iteration with plans for expansion already in the works.
