In today’s fragmented markets, liquidity navigation is a challenge for all trading participants, amplified by events such as the Ukraine crisis. In a new video, Tony Shaw, Executive Director London Office and Head Sales UK & Ireland at SIX Swiss Exchange, explains how traders are using conditional orders to manage liquidity fragmentation.
With regards to Swiss Blue Chips, Tony Shaw points out that over a quarter of trades on Dark MTFs are executed away from the Primary Best Bid Offer (PBBO) midpoint price – contrary to SwissAtMid, where this is never the case. Using Block orders in SwissAtMid therefore enables participants to avoid trading at stale prices.
Watch the full interview to discover which factors traders take into account when handling firm-up requests, how conditional orders differ between venues and under which circumstances SIX Swiss Exchange is often the cheapest venue for block trades in Swiss equities.