Squawker Targets Anonymous Block Trading with Launch – Waters Technology
Company combines elements of social media technology with compliance and audit trail functionality.
Squawker has announced the launch of its block trading negotiation venue for institutional clients, which fuses anonymized orders with social media technology.
Regulated by the UK Financial Services Authority (FSA) and based in London, Squawker secured series A private investment eight weeks ago. The platform itself, which has a tenative go-live date for the first quarter of 2013, operates with a primary emphasis on human interaction. Trades are negotiated anonymously through the platform, while the ability to evaluate a counterparty adds in a new dimension to operations. Traders will be able to set parameters regarding elements such as failed trade numbers, for instance, to source preferred archetypes of counterparties.