ULLINK Completes Connectivity to Block Trading Negotiation Venue Squawker®
UL TRADER Users to Route Block Orders, IOIs and Advertised Trades Direct from their Trade Blotter to Squawker
Chris Gregory, CEO, Squawker, comments: “The countdown to trading on Squawker is on. As we move towards launch at the end of Q1, the appetite from Europe’s sell-side community for a solution to the block trading problem is incredibly strong and the response we have received from more than 100 firms has been overwhelmingly positive. Our strategic partnership with ULLINK will ensure that another important community has direct access to Squawker from their desktop.”
FIX Certification of UL TRADER and connectivity of UL NET to Squawker with full user acceptance testing was completed in January 2013. Squawker is in final discussions with more than 100 sell-side firms across Europe, including investment banks, agency brokers, inter-dealer brokers, and proprietary trading firms.
Squawker® is an interactive, electronic, block trading negotiation venue for investment banks, agency brokers, inter-dealer brokers and proprietary trading firms to find liquidity, negotiate and execute block trades securely and anonymously.
Harnessing the benefits of personal interaction with end-to-end FIX workflows, compliance monitoring and audit trails, Squawker uses opaque social networking technology to create a forum for the structured negotiation of trades. On Squawker, traders build and execute block trade size. With every trading decision made by human beings, Squawker is the world’s first toxic-free electronic trading venue.
Squawker Ltd is a UK-registered company. Headquartered in London, Squawker is approved and regulated by the UK's Financial Services Authority (FSA).