Technical Update - Trading Notice Ref: 040425 4 - Resumption of trading in XBUD Instrument(s)

04/04/2025 13:02

Resumption of trading in XUBD Instrument(s)

This notice is to inform you that all trading in XUBD instrument(s) on BlockMatch EU Reference Price System (Dark Book)/BlockMatch Select has now resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet on +44 20 7154 7300 or trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update Trading Notice Ref: 040425 2 - Suspension of trading in XBUD Instrument(s)

04/04/2025 12:56

Suspension of trading in XBUD Instrument(s)

This notice is to inform you that all trading in XBUD instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/BlockMatch Select  has been suspended due to technical issues.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 19032025B - BlockMatch RFQ system name change

19/03/2025 16:18

BlockMatch RFQ system name change

Effective 1st April 2025, the RFQ System (ERFQ) on BlockMatch Europe will be renamed to BlockMatch Select. This name change does not impact the functionality or operation of the system.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 1208243 - Blockmatch in decline due to technical issues

12/08/2024 16:08

Technical Update – Trading Notice Ref: 1208243

Due to technical issues, BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has remained in decline and will resume for trading tomorrow.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at: http://www.blockmatch.com/index.html#alerts

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 120824 - Blockmatch in decline due to technical issues

12/08/2024 14:29

Technical Update – Trading Notice Ref: 120824

Due to technical issues, BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) will be placed into temporary decline until the technical issue has been resolved.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at: http://www.blockmatch.com/index.html#alerts

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 310724 2 - Resumption of trading in XSWX Instrument(s)

31/07/2024 12:44

Technical Update – Trading Notice Ref: 310724 2

Resumption of trading in XSWX Instrument(s)

This notice is to inform you that all trading in XSWX instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has now resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 310724 2 - Resumption of trading in XMAD Instrument(s)

31/07/2024 12:20

Technical Update – Trading Notice Ref: 310724 2

Resumption of trading in XMAD Instrument(s)

This notice is to inform you that all trading in XMAD instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has now resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 310724 2 - Suspension of trading in XMAD Instrument(s)

31/07/2024 09:41

Technical Update – Trading Notice Ref: 310724 2

Suspension of trading in XMAD Instrument(s)

This notice is to inform you that all trading in XMAD instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has been suspended due to technical issues.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 310724 1 - Resumption of trading in XSWX Instrument(s)

31/07/2024 09:35

Technical Update – Trading Notice Ref: 310724 1

Resumption of trading in XSWX Instrument(s)

This notice is to inform you that all trading in XSWX instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has now resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 310724 1 - Resumption of trading in XMAD Instrument(s)

31/07/2024 08:54

Technical Update – Trading Notice Ref: 310724 1

Resumption of trading in XMAD Instrument(s)

This notice is to inform you that all trading in XMAD instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has now resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 310724 1 - Suspension of trading in XSWX Instrument(s)

31/07/2024 08:08

Technical Update – Trading Notice Ref: 310724 1

Suspension of trading in XSWX Instrument(s)

This notice is to inform you that all trading in XSWX instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has been suspended due to technical issues.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 310724 1 - Suspension of trading in XMAD Instrument(s)

31/07/2024 07:30

Technical Update – Trading Notice Ref: 310724 1

Suspension of trading in XMAD Instrument(s)

This notice is to inform you that all trading in XMAD instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has been suspended due to technical issues.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref:0107242 - Resumption of trading in XMAD Instrument(s)

01/07/2024 09:38

Technical Update – Trading Notice Ref: 0107242

Resumption of trading in XMAD Instrument(s)

This notice is to inform you that all trading in XMAD instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has now resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 010724 - Suspension of trading in XMAD Instrument(s)

01/07/2024 09:28

Technical Update – Trading Notice Ref: 010724

Suspension of trading in XMAD Instrument(s)

This notice is to inform you that all trading in XMAD instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has been suspended due to technical issues.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 2806242 - Resumption of trading in XPRA Instrument(s)

28/06/2024 12:07

Technical Update – Trading Notice Ref:

Resumption of trading in XPRA  Instrument(s)

This notice is to inform you that all trading in XPRA instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has now resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 280624 - Suspension of trading in XPRA Instrument(s)

28/06/2024 11:39

Technical Update – Trading Notice Ref: 280624

Suspension of trading in XPRA* Instrument(s)

This notice is to inform you that all trading in XPRA instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has been suspended due to technical issues.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

BlockMatch Europe FIX and Connectivity Specification update

08/05/2024 08:20

Effective 22 May 2024, the following changes will be added to the BlockMatch Europe RFQ System:

(i)    Where a User has elected to disseminate size on an IOI:

• The Match Alert will include the total matched quantity along with the respective ContraOrderID(s) and matched Contra quantities;   
• The IOI Ack will include total matched quantity if the IOI triggers a match alert upon submission;
• If there is no contra for the IOI upon submission, the matched quantity on the IOI Ack will be 0.

(ii)   For Time in Force = ATC, Users may limit the interaction of their orders in response to a match alert to contras that are in response to the same pairing, otherwise they will continue to be matched with all eligible ATC contras. 

The BlockMatch Europe FIX and Connectivity document has been updated to reflect these changes.

If you have any queries regarding this Notice, please contact the Trading Operations team at Instinet on +49 69 244329713  or  eu.trading@blockmatch.com

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Rulebook update, Participant Manual and NT go live

22/04/2024 14:24

In accordance with our terms of usage, a new Rulebook will be effective from 22nd May 2024 and any orders traded on BlockMatch Europe MTF, on or after this date, will be subject to the new Rulebook. A new Participant Manual which describes the functionality and technical configurations of BlockMatch (previously included in the Rulebook), will be effective from the same date.

In addition, the following functionality will be available from the same date:

1. Support for execution at mid-price on the RFQ System (MIC: ERFQ) when mid is off tick:

• Where a mid-pegged RFQ is matched with a mid-pegged Quote, the matched price will be the midpoint on the Market of Reference.
• Quotes with a reference price of Midpoint, which are below LIS, will be aggressively rounded by the system to the nearest tick when submitted in response to an RFQ which has been submitted with a reference price of Midpoint.
• Quotes with a reference price of Midpoint, which are below LIS, will be passively rounded by the system to the nearest tick when submitted in response to an RFQ which has not been submitted with a reference price of Midpoint.
• The matching priority remains as Price, Size and Time (of Quote).

      2. Support for negotiated transaction trade types on the NT System (MIC: ENTW), where any of the following circumstances applies:

• The transaction is executed by reference to a price that is calculated over multiple time instances according to a given benchmark, including transactions executed by reference to a volume-weighted average price or a time-weighted average price;
• The transaction is the result of a contract arising exclusively for clearing or settlement purposes;
• The transaction is large in scale.

Please note that the Fee Schedule has been updated accordingly for NT System transactions and to clarify the definition of Self-match transactions.

 

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Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 0204242 - Resumption of trading in XMCE Instrument(s)

02/04/2024 08:12

Resumption of trading in XMCE Instrument(s)

This notice is to inform you that all trading in XMCE instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has now  resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 020424 - Suspension of trading in XMCE Instrument(s)

02/04/2024 07:23

Technical Update – Trading Notice Ref: 020424

Suspension of trading in 020424 Instrument(s)

This notice is to inform you that all trading in XMCE instrument(s) on BlockMatch EU® Reference Price System (Dark Book)/Request for Quote System (RFQS) has been suspended due to technical issues.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +44 20 7154 7300/+49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

BlockMatch Europe market data feed specification update

18/12/2023 14:25

Further to the changes to Regulation (EU) 2017/587 (RTS 1) published in the Official Journal on 16 May 2023 and effective from 1 January 2024, please be advised that no changes will be required in relation to BlockMatch Europe market data for EBLX and ERFQ.

An updated version of the BlockMatch Europe market data feed specification is available on request. The new version includes updated text on “Price Notation”. This is a minor change to the specification text and does not impact the market data feeds.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

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Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 290823 - Resumption of trading in XMCE Instruments

29/08/2023 06:25

Technical Update – Trading Notice Ref: 290823

Resumption of trading in Spanish XMCE Instruments

This notice is to inform you that all trading in Spanish instrument(s) on BlockMatch EU® Reference Price System (Dark Book) and Request for Quote System (RFQS) has been resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts

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Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 280823 - Suspension of trading in XMCE Instrument(s)

28/08/2023 10:42

Technical Update – Trading Notice Ref: 280823 

Suspension of trading in XMCE Instruments

This notice is to inform you that all trading in XMCE instrument(s) on BlockMatch EU® Reference Price System (Dark Book) & Request for Quote System (RFQS) has been suspended due to technical issues with the primary exchange in Spain. 

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 020620232 - Rulebook update, including IOC interaction with IOIs

02/06/2023 15:04

Dear Participant,

In accordance with our terms of usage, a new Rulebook will be effective from 3 July 2023 and any orders traded on BlockMatch Europe MTF, on or after this date, will be subject to the new Rulebook.

The key changes to the BlockMatch Europe Rulebook are set out as follows:

• Members may elect to allow an Order, Quote or RFQ with a time in force (TIF) instruction of Immediate or Cancel (“IOC") to interact with algorithmic IOIs. When this option is elected, it will mean that :
  • Where a Member has elected that an IOC can interact with algorithmic IOIs and, where there is an eligible contra IOI, the IOC will remain in the system with a TIF of 0.5 seconds; and,
  • Where there is no eligible contra IOI, the IOC will be cancelled immediately by the system.

Please note that Users may use FIX Tag 7098 (MatchInst) to elect whether an IOC can interact with IOIs and that the default interaction of RFQs and Quotes with IOIs is not to interact unless specified.

In addition to the above, the following changes to the Rulebook will be effective from the same date:

• Close price added as an available reference price for RFQs and Quotes;
• At the Close Time in Force instruction added for RFQs and Quotes; and
• Further details of the interaction of match alerts for RFQ IOIs added.

The latest BlockMatch Europe Rulebook is available on https://www.instinet.com/blockmatch-Europe

Should you have any queries regarding this notice, please contact the Technical Support team who can also provide an up to date FIX specification document. The team is available on +49 69 244329715 or eu.techsupport@blockmatch.com.

More information regarding this notice can be found at https://www.instinet.com/blockmatch-europe/?#updates  

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 2205234 - BlockMatch CLOB in Accept - Prague

22/05/2023 09:27

Dear Participant,

As the primary market has resolved the previously reported issues, BlockMatch CLOB is now available for Prague.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at: http://www.blockmatch.com/index.html#alerts

Regards

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 1805231 - Resumption of trading in XMCE Instrument(s)

18/05/2023 09:29

Technical Update – Trading Notice Ref: 1805231

Resumption of trading in Spanish XMCE Instrument(s)

This notice is to inform you that all trading in Spanish instrument(s) on BlockMatch UK® Reference Price System (Dark Book) and Request for Quote System (RFQS) has been resumed.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet on +44 20 7154 7300 or trading@blockmatch.com 

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 101120221 - BlockMatch Europe Dark Book - commencement of trading

10/11/2022 14:31

From 11th November the Dark Book (MIC: EBLX) on BlockMatch Europe will be live and available for trading from 09:00 CET.

 

The Negotiated Trade System (MIC:ENTW) is not currently available for trading.

 

For further information, please refer to the Rulebook on www.blockmatch.com/europe or contact eu.sales@blockmatch.com.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 071122 - BlockMatch Europe RFQ System - Change to FIX Tag for TVTIC

07/11/2022 15:05

Technical Update – Trading Notice Ref: 071122

As of 7th November 2022, BlockMatch Europe will be adding FIX tag 1903 “RegulatoryTradeID” to the FIX Execution Report message. As of the same date, for the purpose of transaction reporting, the Trading Venue Identification Code (TVTIC) for the RFQ System (MIC:ERFQ) will be populated in FIX tag 1903 “RegulatoryTradeID”, from previously having been populated in FIX tag 17 “ExecID”.

If you have any queries regarding this notice please contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com

More information regarding this notice can be found at http://www.blockmatch.com/#alerts.

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

Technical Update - Trading Notice Ref: 08092022- BlockMatch Europe RFQ System - Updated stock list

08/09/2022 07:37

Technical Update – Trading Notice Ref: 08092022- BlockMatch Europe RFQ System – Updated stock list

 

We have amended the instrument universe that is available for trading on ERFQ. An updated stocklist is available on the website www.blockmatch.com/europe.

For further information, please refer to the Rulebook on www.blockmatch.com/europe or contact the Trading Operations team at Instinet Gmbh on +49 69 244329713 or eu.trading@blockmatch.com.

 

 

---

Blockmatch Europe Tech Support
eu.techsupport@blockmatch.com
+49 69 244329715

©2025, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. This material is provided for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This material does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this material or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.