Knowledge

Block Trade

A block trade is an initial overall size of notional executed, which is then allocated to individual legal entities.

There are number of rules around how block trades can be executed, such as:
is made available for trading on a swap execution facility or designated contract market
occurs off the swap execution facility's or designated contract market's trading system or platform pursuant to the swap execution facility or designated contract market rules;
is consistent with the appropriate minimum block size requirements in the proposed rules; and
is reported in accordance with the swap execution facility's or designated contract market's rules and procedures.