Instinet Adds EBBO to BlockMatch
Instinet has announced the addition of three new matching points to BlockMatch, its dark multi-lateral trading facility (MTF).
EBBO Bid, EBBO Mid and EBBO Offer have all been incorporated into the MTF, effectively adding three new order books where prices are derived from Instinet's Consolidated EBBO Feed.
"The incorporation of EBBO functionality to BlockMatch marks an important step in the evolution of European market structure, as the lack of consolidated, pan-European reference data has been
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