Trading Desk: (617)
316-5620
Block Trading
The Pulse-owned crossing network, BlockCross, is an independent ATS designed to find significant liquidity opportunities and maximize those opportunities via multiple crossing methods. BlockCross not only leverages buyside OMS scraping technology but also integrates both sellside and dark algo liquidity in order to provide the broadest spectrum of block liquidity in the industry.
With an emphasis on order control, BlockCross levels the playing field for all institutional block traders. Utilizing a unique confirmation process, the BlockCross platform maximizes print size, minimizes information leakage, and reduces false positives.
Additional benefits of BlockCross include:
- Complete control over which orders are eligible and the types of counterparties to which they are exposed.
- A self-policing credit rating system holding traders accountable for fading on crossing opportunities.
- Two trading modes, Auto Ex and Confirmation, which can be used separately or in tandem, providing ultimate control and flexibility
- A unique negotiation process that minimizes information leakage
- A flexible low-cost commission strategy that includes both CSA programs and a multi–broker approach that allows 100% of prints to be stepped-out and booked as one ticket
BlockCross is designed and operated as an industry utility focused on staying responsive to the changing needs of the buyside block trading community. Your ongoing feedback and support is creating a truly competitive platform that will help bring efficiency to the ATS space.
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