BlockCross represents an innovative new technology designed to improve block trading efficiency. Leveraging blotter integration with an open platform, BlockCross allows buyside traders to retain control of their orders and let the majority of block opportunities come to them. This results in high hit rates, low information leakage and eliminates opportunity costs. Sell side traders and algos benefit as well since this dark pool represents a unique and safe source of natural liquidity.

In addition, BlockCross is referred to as the “Enlightened Dark Pool” because it combines both displayed and non-displayed functionality. Institutional traders now have the ability to post indications as an ATS (BLKX). This new concept allows all traders to leverage the industry standard IOI networks and say “Meet me in BlockCross.”

BlockCross has been live for over 2 years and already represents billions of shares of available block opportunities >5k per day.