Instinet Rebrands BlockMatch RFQ to BlockMatch Select Amid Buy-Side Demand

Instinet, a global agency-only broker, has rebranded its BlockMatch RFQ venue to "BlockMatch Select," responding to heightened buy-side demand for optimized liquidity access. The MOVE underscores Instinet’s position as a leading liquidity aggregator.

The revamped BlockMatch MTF now offers three distinct trading books: BlockMatch Dark, BlockMatch Select (formerly BlockMatch RFQ), and BlockMatch NT. Simon Dove, Instinet’s Head of Liquidity, emphasized the platform’s focus on bilateral liquidity optimization, enabling automated access to diverse market participant flows and complementary liquidity sources.

The upgrade aims to streamline workflows for ALGO and DMA trading, offering a modular approach to liquidity access. No direct cryptocurrency or exchange linkages were identified in the announcement.