JP Morgan now has access to the largest pool of buy-side block liquidity in Europe via SIX Swiss Exchange Liquidnet Service (SLS), a long-standing partnership of SIX Swiss Exchange with Liquidnet.
SLS provides JP Morgan with access to genuine block liquidity and unrivalled average execution size, providing maximum price improvement and minimal market impact.
SLS unites participants with over 830 buy-side institutions actively trading more than 3'100 large-, mid- and small-cap stocks across 13 markets.
Gregor Braun, head product sales at SIX Swiss Exchange, says: "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."
Chris Andrew (pictured), executive director at JP Morgan, adds: "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."
Since February 2017, SLS includes two additional European markets. The internationalisation of the SIX Swiss Exchange Liquidnet Service provides participants with more options to satisfy their growing need for non-displayed trading. JP Morgan is one of several companies connecting to SLS in the recent months in the context of rising volumes.
The exchange launched SIX Swiss Exchange At Midpoint (SwissAtMid), which is operated in parallel to SLS, in October 2016. SwissAtMid offers a new way to trade Swiss equities, allowing executions in a non-displayed pool at the mid-point of the lit order book.
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