Instinet BLX Australia

Instinet's Proven Block Focused Liquidity Pool Specifically Tailored to the Australian Marketplace

BLX Australia is a block-focused liquidity pool designed to provide price improvement through its mid-point pricing model. Its integration with Newport allows users to selectively expose orders on their blotter and interact with an array of trading participants, including both passive block traders and those using algorithmic trading strategies.

Overview

Trading Hours:
10:00 am-4:00 pm ET
Available Securities:
Any ASX-listed security
Order Types:
Limit or Market
Tick Size:
Same as ASX
Execution Price:
Midpoint of ASX BBO
Newport 3 Blotter Interaction
Leverage BLX to interact with order flow on other users' blotters or passive liquidity in the pool.
Mid-Point Pricing
BLX trades are priced at the mid-point of the market's best bid or offer (BBO).
Diverse Liquidity
A large institutional user base and broad liquidity sourcing provide style diversity and reduce information content.
Unique Model
BLX increases trade size by appealing to an array of trading participants, including both passive block traders and those using algorithmic trading strategies.
Ping-Resistant
BLX matches cannot be pinged to expose interest, making them unattractive to information traders.