Baikal

Baikal is an investment firm operating a pan-European Multilateral Trading Facility* (MTF) combined with Liquidity Aggregation Services to seek liquidity in 20 venues across 14 countries.

Baikal aims to overcome the increasing fragmentation of liquidity and decreasing trade sizes by providing a trusted environment in which to execute larger trades. By aggregating liquidity on a pan-European scale and by offering an efficient and aggregated clearing and settlement solution, Baikal will provide you with unparalleled trading services.

Baikal Order Book
At the core of Baikal there is a non-displayed, price referencing pan-European MTF; the Baikal Order Book. The Baikal Order Book benefits from MiFID’s price referencing waiver which enables orders of all sizes to be placed and executed in a neutral and trusted environment.

Liquidity Aggregation Service
Baikal’s Liquidity Aggregation Service provides participants with a sophisticated Smart Order Router and Liquidity Aggregation Strategies that combine bespoke algorithms with our low latency Smart Order Router. The customisable and truly intelligent Liquidity Aggregation Strategies will enable you to sweep and post an order on multiple venues (both lit and dark) simultaneously thereby minimising opportunity cost and maximising the opportunity to achieve best execution.

For further information on Baikal, visit www.baikalglobal.com



*Subject to obtaining regulatory approval