Dark non-display functionality with the ability to apply minimum quantity can help reduce information leakage.

Trade with natural liquidity from a wide spectrum of buy-side and sell-side counterparties, and access liquidity opportunities from Instinet’s diverse institutional client base.

Access BlockMatch via Instinet’s suite of products, including algorithmic trading strategies, Newport® EMS, FIX, or as a destination from other members.

Instead of resting large orders in one venue, use conditional orders so that available trading opportunities are discovered as the parent order is being worked.

BlockMatch uses different matching priorities across jurisdictions, which means large-sized orders can receive better queue positions.

Welcome to BlockMatch.com. This website and its content (the "Site") are provided to you by Instinet Incorporated and its affiliated companies. All references to Instinet shall mean Instinet Incorporated and its affiliates, subsidiaries, successors, assigns, parent companies, and their employees, directors, members, partners, principals, agents and representatives, and any third-party providers or sources of information or data (collectively "Instinet"). Instinet may provide content of third parties ("Third Party Content") on the Site. Instinet does not monitor, approve or have any control over any Third Party Content. Instinet does not guarantee, endorse or adopt the accuracy or completeness of any Third Party Content. Instinet is not responsible for updating or reviewing Third Party Content.

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INSTINET DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR TITLE WITH RESPECT TO THE INDEPENDENT SITES AND THE MATERIAL AND INFORMATION THEREIN CONTAINED OR EXPRESSED.

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Instinet may at any time, revise these Terms and Conditions by updating this page. You are bound by any such revisions and should therefore periodically visit this page to review the then current Terms and Conditions to which you are bound.

Instinet Germany GmbH is authorised and regulated by the Federal Financial Supervisory Authority ("BaFIN") and is the operator of BlockMatch Europe ("Operator"). Any Member complaints about BlockMatch Europe including, without limitation, the cancellation of an Order or a Trade, or the conduct of other Members should be made in writing to the Compliance Function of the Operator by either email to the following address eu.compliance@blockmatch.com or letter to the registered office of the Operator and to the attention of the Compliance Department.

The Compliance Function of the Operator will determine how to deal with any complaint which may result in having to following the disciplinary process as set out within the BlockMatch Europe Rulebook where the complaint relates either to the conduct of the Member itself or to the conduct of another Member.

In the event that the Member determines that the complaint has not been satisfactorily resolved by the Operator, it can refer such complaint to the BaFIN using either the BaFIN’s Whistleblower Hotline or contact the BaFin Market Contact Group depending on the nature of the complaint. 

Ultimately, Members have the possibility of legal recourse against the Operator in accordance with, and subject to the term of business in place between them.

©2024, Instinet Incorporated and its subsidiaries (collectively "INSTINET"). All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Distributed by Instinet Germany GmbH, which is authorised and regulated by the BaFin and Deutsche Bundesbank. The content of this website is for informational purposes only and does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security, product or service. This content does not take into account the particular investment objectives, financial situation or needs of individual clients. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by INSTINET or by any of their respective officers, employees or agents in relation to the accuracy or completeness of this content or any other written or oral information in respect thereof made available to you or any agent and any such liability is expressly disclaimed.

BlockMatch Europe Fee Schedule

• Version 1.0

BlockMatch Rulebook

• Version 1.0

Instinet Germany GmbH (“IGG“) is authorized and regulated by BaFin and Deutsche Bundesbank, and operates the BlockMatch Europe Multilateral Trading Facility (“BlockMatch Europe”). IGG makes available, via this website, BlockMatch Europe data fifteen (15) minutes after its initial publication (“Delayed Data”), in accordance with its obligations under Art. 13 of Regulation (EU) No. 600/2014 and all relevant Commission Delegated Regulations.

Neither IGG nor Instinet Incorporated and its subsidiaries (collectively, the “Instinet Group”) provides any financial advice, or makes any recommendations to invest in financial instruments or any other kinds of securities. The Delayed Data is made available for informational purposes only and does not constitute an offer, solicitation or recommendation with respect to the purchase or sale of any security, product or service, and should not be relied upon as such. The provision of the Delayed Data does not, and will not, take into account the particular investment objectives, financial situations or needs of any recipients or users of the Delayed Data.

The Delayed Data is provided on an “as-is” basis, and IGG, the Instinet Group, and their respective officers, employees and agents, give no representation or warranty (express or implied), and exclude any and all liability (whether in negligence or otherwise) in connection with the provision of the Delayed Data. Neither IGG nor the Instinet Group assume any contractual relationship with any recipients or users of the Delayed Data, or with any purchasers of products or services which are based on the Delayed Data and which are offered by third parties.

Whilst the Delayed Data shall be provided in good faith, and subject at all times to their relevant regulatory obligations, IGG, the Instinet Group and their respective officers, employees and agents, do not give any representation or warranty (express or implied), and exclude any and all liability and responsibility (whether in negligence or otherwise), as to:

• the accuracy, timeliness or completeness of the Delayed Data;
• the merchantability, or the fitness for a particular purpose or use, of the Delayed Data;
• any and all products or services offered by third parties which are, or may be, based on Delayed Data; or
• any interruptions in the publishing of the Delayed Data.

Under no circumstances will IGG, the Instinet Group, or their respective officers, employees and agents, be liable or responsible (whether in negligence or otherwise) for any loss of profits, or for any other indirect, punitive, special or consequential damages or losses, arising as a result of such errors, omissions or interruptions in the publishing of the Delayed Data, or generally in relation to products or services which are, or may be, based on the Delayed Data, even in circumstances where IGG and/or the Instinet Group are aware that such loss or damage may occur.