The Negotiation Venue for Sell-Side Trading
Squawker® is an interactive, electronic, negotiation venue 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.
Squawker is the central forum for pan-European, sell-side trading that combines personal interaction with end-to-end FIX workflows, compliance monitoring and audit trails. Squawker uses opaque social networking technology to create a forum for the structured negotiation of trades. On Squawker, traders build and execute trade size. With every trading decision made by human beings, Squawker is the world’s first toxic-free electronic trading venue.
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.