Block Event opens India and ASEAN equities
28 August 2017
Block Event is pleased to announce that it has commenced trading in India and ASEAN equity markets as it continues the rollout of its platform across Asia.
Block Event is now available to institutional clients of Instinet* willing to trade blocks in Australia, Hong Kong, India, Thailand, Indonesia, Philippines, Singapore, Malaysia and New Zealand. The venue is accessible from all major EMSs.
Phillip Weinberg, founder of Block Event, says the focus is building on the firm’s success in Australia and Hong Kong and giving institutions more markets in which they can access natural block liquidity without information leakage.
“The key difference in the Block Event model is the absence of negotiation which can often be taken advantage of”, Weinberg said. “We are focussed on building a network of the world’s largest institutions who are serious about trading blocks without opening up other participants”.
Block Event is currently working with several EMS vendors to implement a blotter scrape which will continue to increase actionable liquidity in the pool and assist participants in seamlessly integrating Block Event in their workflow.
* Clients must have accounts with Kotak Securities to trade India.
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Anthony 'Jav' Brown
+612 8294 4113