The Negotiation Venue for Sell-Side Block Trading
Squawker® enables investment banks, agency brokers, inter-dealer brokers and proprietary trading firms to find liquidity, negotiate and execute block trades in a secure and anonymous forum.
Squawker is the central forum for pan-European, sell-side block trading that combines personal interaction with the efficiencies of electronic trade capture, FIX connectivity, compliance controls and downstream processing.
Neither a traditional trading exchange, nor dark pool, nor an MTF, Squawker is an inter-dealer venue that marries the best of the electronic and trader-to-trader environment to match trading counterparts based on price, display, quantity and then time priority. Following an accepted invite to trade a minimum size, users enter into a person-to-person negotiation with the counterpart Squawker has introduced them to, to build the block quantity.
Every trading decision on Squawker is made by human beings, not by computer-generated algorithms. By excluding the use of algorithms, Squawker ensures its status as a toxic-free electronic trading venue.
Squawker provides significant cost savings compared to all other existing methods of trading a block order.