Which of the following describes SIX Swiss Exchange LiquidNet Service (SLS)?

Which of the following describes SIX Swiss Exchange LiquidNet Service (SLS)?

• A. A publicly displayed order book for all securities.
• B. A non-displayed liquidity pool for block orders.
• C. A platform for retail order matching only.
• D. A venue for post-trade reporting only.

Answer: (B)

LiquidNet Service is a non-displayed liquidity pool for block orders. It provides a private venue where large, block-sized orders can be posted without appearing in the public order book, allowing matching with other liquidity providers while reducing market impact and information leakage. This makes it ideal for institutional traders seeking to execute big trades quietly. That’s why it isn’t a publicly displayed order book, nor a platform limited to retail orders, and it isn’t simply a post-trade reporting venue.

LiquidNet Service is a non-displayed liquidity pool for block orders. It provides a private venue where large, block-sized orders can be posted without appearing in the public order book, allowing matching with other liquidity providers while reducing market impact and information leakage. This makes it ideal for institutional traders seeking to execute big trades quietly.

That’s why it isn’t a publicly displayed order book, nor a platform limited to retail orders, and it isn’t simply a post-trade reporting venue.