Powering the World’s only Toxic-Free, Negotiated Trading Venues
Squawker® is the power behind the world’s only toxic-free, negotiated trading venues and facilitator of compliant, algo-free trading communities. Squawker provides interactive, electronic, high-touch, negotiation venues for investment banks, agency brokers, inter-dealer brokers and proprietary trading firms to find liquidity, negotiate and execute trades that are difficult to execute on the order books or in dark pools.
Just one year since the launch of its Cash Equities negotiation venue, Squawker® has become the central forum for pan-European, sell-side trading and the world’s first electronic trading venue free from algo- and HFT-flow. Today, the negotiation venue brings together more than 95 sell-side firms, across 13 European countries, to find, negotiate and execute difficult blocks on an anonymous basis.
Squawker uses opaque social networking technology to combine personal interaction with end-to-end FIX workflows, compliance monitoring and audit trails. 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.