Instinet, the global agency-only broker, has announced the strategic rebranding of its RFQ trading venue to “BlockMatch Select”, reinforcing its position as a leading aggregator of liquidity and responding to heightened buy-side demand for improved access to trading opportunities.

The rebranding marks a pivotal enhancement to Instinet’s BlockMatch MTF, which now comprises three distinct trading books:

• BlockMatch Dark
• BlockMatch Select (formerly BlockMatch RFQ)
• BlockMatch NT

Instinet Rebranding of RFQ Venue to BlockMatch Select

According to Simon Dove, Head of Liquidity at Instinet, the update reflects the firm’s ongoing commitment to bilateral liquidity optimization.

“BlockMatch Select represents our commitment to bilateral liquidity optimisation,” Dove stated. “It enhances current workflows by providing automated access to a wide range of market participant flows and complementary liquidity sources, offering a tailored solution for both algorithmic and DMA workflows.”

Key features of BlockMatch Select include:

• Seamless connectivity via Instinet’s execution platform
• Modular and configurable workflows with tailored liquidity targeting
• Transparent and regulated platform enabling curated liquidity and risk provision

This evolution builds on Instinet’s extensive experience in sourcing and aggregating liquidity, aiming to deliver a premium trading experience.

“We’re not just facilitating trades; we’re curating a premium liquidity experience tailored to our clients’ needs,” Dove added.

Salvador Rodriguez, EMEA Head of Global Execution Services, emphasized the innovation behind the rebrand.

“In response to our clients’ needs, we’ve developed a solution that tackles Europe’s persistent liquidity challenges. Our advanced workflow leverages Instinet’s trusted execution platform and vast distribution network to seamlessly connect diverse market participants.”

With BlockMatch Select, Instinet aims to redefine the standards of bilateral trading, providing buy-side participants with a powerful tool to access curated and efficient liquidity in today’s fragmented market environment.

With its three distinct trading books and a focus on optimized bilateral liquidity, this development reflects Instinet’s commitment to meeting the evolving demands of the market. By leveraging its execution platform, extensive liquidity access, and modular workflows, Instinet offers a tailored, transparent, and regulated platform that provides clients with an edge in navigating today’s complex trading landscape. BlockMatch Select is set to redefine how market participants access and interact with liquidity.

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