Instinet's chief executive officer for Asia departs for pastures new
Executive departs after serving at Instinet for the last 14 years, for five of which he was chief executive officer.
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Executive departs after serving at Instinet for the last 14 years, for five of which he was chief executive officer.
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The newly expanded non-displayed alternative liquidity pool for equities, BlockMatch, derives from Instinet’s existing CBX Hong Kong service.
<p><span>Instinet Pacific Limited today announced the launch of BlockMatch Asia, an Alternative Liquidity Pool for non-display trading of equity securities. Previously operated as CBX Hong Kong, BlockMatch Asia provides two distinct order books: a Limit Crossing Book and a Market-on-Close Book, now adding a Conditional Book for the submission and management of conditional orders.</span></p>
The trading platform will save institutional traders as much as half of the bid-ask spread.