Toronto-based MARKETS Inc. has implemented STRIDE, Headstrong’s exchange and electronic matching engine, to power its BlockBook electronic trading network.
BlockBook is a network for block trading in Canadian equities. This new electronic marketplace masks the size and value of the investor’s intentions while they monitor the market for trading opportunities at the best possible match.
The trading methodology is based on in-depth study and knowledge of dealing and trading patterns and is designed to improve the efficiency of the upstairs market. The benefits of the system include more choice in trading methodologies, reduction of trading costs and improved liquidity.
STRIDE was designed to provide unique and efficient trade flow and execution mechanisms, which create and enable marketplaces and participants. STRIDE powers electronic markets, exchanges and alternative trading systems throughout Asia, Europe and North America.