Liberum, the independently-owned pan European investment bank, has developed new electronic trading functionality called LIBPLUS that means professional clients can execute equity flow in multiple dark venues simultaneously, automatically and with one click.
It has acted ahead of the advent in 2018 of a revised Markets in Financial Instruments Directive, or MiFID II, which will make it imperative that dark venues are selected fairly and intelligently.
LIBPLUS means that dark order flow can now visit 34 venues in an instant, boosting the chances of executing blocks of stocks whilst minimising signalling.
In the video below, we've spoken with Dr Robert Barnes, CEO of Turquoise, to hear his thoughts on the implications of MiFID II and how Turquoise is responding in advance of the new directive.
For a quick overview of LIBPLUS, play a one-minute video here.
This communication is for use only by a person or entity that qualifies as a "Professional Client" or "Eligible Counterparty" within the meaning of the FCA's rules. So it's intended for use only by persons having professional experience in matters relating to investments. Any other person who receives this shouldn't act on the contents. Disclaimer here