News & Views

Liquidnet’s Top 5 Predictions for Global Equity Markets in 2013

Liquidnet Celebrates Milestone Anniversaries in Europe and Asia Pacific

New York
As Liquidnet, the global institutional trading network, celebrates its 10 year anniversary in Europe and five year anniversary in the Asia Pacific region, Liquidnet provides their top five predictions for the markets globally in 2013.

Mark Pumfrey Joins Liquidnet as Head of EMEA

Industry Veteran to Drive Growth Across Europe and Expand Global Institutional Network

London
Liquidnet, the global institutional trading network, today announced that Mark Pumfrey has joined the company as Head of EMEA and a member of the global leadership team, effective immediately. In this role, Mark is responsible for overseeing and growing Liquidnet’s European business with an immediate focus on identifying new sources of actionable block liquidity, providing asset managers with access to Liquidnet’s full product suite and adding new Members to the network. Based in London, he will report directly to John Kelly, Global Chief Operating Officer at Liquidnet.

Seth Merrin Calls for Regulators to Create Zones Free of High Frequency Trading

The last few months have seen many conflicting reports on high-frequency trading (HFT) and its impact on the market volatility, liquidity and safety. No sooner does one report criticize the practice, another one endorses it, layering confusion about the markets and deterring investor trust in the ability of the markets to perform their primary function.

Liquidnet Recognized Again as Best Trading Venue for Institutional Investors

Liquidnet Wins Buy-Side Technology Award for Best Execution Venue and AsianInvestor Award for Best Alternative Trading Venue

LONDON, HONG KONG
Liquidnet, the global institutional trading network, has been named “Best Buy-Side Execution Venue” in the European Buy-Side Technology Awards 2012 for the fifth consecutive year. Liquidnet was also named winner of the Best Alternative Trading Venue by AsianInvestor and ranked first in the publication’s buy-side equities trading survey in the categories of “Best Alternative Trading Venue” and  “Best Access to Liquidity”.

Richard Barnett Joins Liquidnet as Global Head of Product

FOCUS ON INTEGRATING & DEVELOPING PRODUCTS FOR INSTITUTIONAL INVESTORS TO CONNECT, COMMUNICATE AND TRANSACT MORE EFFICIENTLY

New York
Liquidnet, the global institutional trading network, today announced that Richard Barnett has joined the company as Global Head of Product and a member of the leadership team effective immediately. In this  role, Richard is responsible for overseeing, expanding and integrating Liquidnet’s product offering so that more than 700 of the world’s leading asset management firms can continue to trade more efficiently  while accessing the best investment opportunities around the world. Based in New York, he will report  directly to Chief Operating Officer, John Kelly.

Liquidnet Continues to Open Up Global Opportunities With Launch of Philippine Equities

Institutional Investors Can Now Access Large-Scale Liquidity in Nine Asia Pacific Markets and 41 Markets Globally

Hong Kong
Liquidnet, the global institutional trading network, announced today that institutional investors can now trade securities listed in the Philippines through its platform, effective immediately. The launch, the 41st market globally for Liquidnet and the ninth market in Asia Pacific, follows the company’s aggressive global expansion into high-growth markets, increasing the number of investment opportunities available to more than 700 of the world’s leading asset management firms.

Liquidnet Continues to Facilitate Institutional Investor Access to Block Liquidity

New York
Liquidnet, the global institutional trading network, today announced that it continued to maintain its dominance in market block volume. In July, 78% of the time Liquidnet Members traded a U.S. stock they executed either the 1st or 2nd largest print of the day in that stock. Furthermore, Members who negotiated small cap stocks achieved the 1st or 2nd largest prints of the day 89% of the time.

Liquidnet Launches 40th Trading Market with Addition of Turkish Equities

Institutional Investors Can Now Access Much Needed Large-Scale Liquidity in this Important Growth Market

New York
Liquidnet, the global institutional trading network, announced today that institutional investors can now trade Turkish listed securities through its platform effective immediately. Following a rapid global expansion, Liquidnet now provides more than 700 institutional investors with access to 40 equity markets so that they can efficiently implement their global investment ideas.  Trades of Turkish equities will be executed via Liquidnet’s appointed local broker on the Istanbul Stock Exchange.

Anatomy of Liquidnet’s Trading Floor

Launched in 2001 as an alternative platform for fund managers to negotiate large blocks of natural liquidity directly and anonymously, Liquidnet has grown into a full-service institutional brokerage providing executions in U.S. and international equities. Today, Liquidnet operates a global institutional trading netowrk in 39 equity markets across five continents, with offices in London, Toronto, Tokyo, Hong Kong, Sydney and Singapore. Following its 2007 acquisition of Miletus Trading, Liquidnet offers a full suite of algorithms, and has expanded its range of value-added services to include data analytics as well as commission management. As the next step in its evolution, the company is looking to match corporate issuers with buy-side liquidity.

Liquidnet Ranked #1 Global Broker

Ranked by difference in cost/savings against the Elkins/McSherry universe, based on the top 50 brokers in each category by U.S. dollar volume. Rolling four-quarter data as of March 31[2012]. Source: Elkins/McSherry, a State Street company.

Large Blocks Dead? Not at Liquidnet

Yes, Washington, D.C., there is a market where large blocks of stock get traded. It’s called Liquidnet. In April, the average trade size on this “dark pool’’ of institutional orders was 43,309. And its participation rate is high. Roughly 700 institutions with about $8.6 trillion worth of equities under management use the network. These mutual funds, pension funds and other asset managers execute big trades between themselves or use the venue’s eight algorithms to execute transactions, even if they extend to other venues.

Liquidnet Australia Sets New Record with Over AU $1Billion Traded

In Pursuit of Performance, Institutional Investors Continue To Trade In Size To Best Execute Investment Ideas

New York

Liquidnet, the global institutional trading network, set a new trading record in Australia during May 2012, trading over AU $1 billion in member trades. Earlier this year, Liquidnet celebrated its four-year anniversary of trading in Australia, providing institutions with the ability to get into and out of positions quickly, safely and efficiently.

Liquidnet Provides Institutional Investors with Opportunities for Increased Performance

New York
More than 700 of the world’s leading Institutional investors continue to rely on Liquidnet, the global institutional trading network, to implement the large trades their portfolio managers need to enhance performance. For April, Liquidnet’s average execution size in North America was 43,000 shares in the US and 65,000 shares in Canada. Globally, Liquidnet’s average negotiated execution size year to date (through April) was $1.3 million USD.

New Canadian Regulations on Dark Pools Protect Institutional Investors

REGULATIONS SUPPORT EXISTING STRUCTURE OF LIQUIDNET

Toronto
Liquidnet, the global institutional trading network, welcomes the decision by the Canadian regulators, released on Friday (4/13), to ensure that the new Canadian rules on dark pools preserve appropriate protections for institutions seeking to execute large block orders. These protections reflect the existing structure of Liquidnet’s offering to pension and other large, long-term investors. The regulations confirm the growing importance of an institutional network to execute large block trades anonymously, securely and without market impact.

Liquidnet Sees Strong Quarterly Growth

NEW RECORDS SET IN ASIA PACIFIC REGION

New York
Liquidnet, the global institutional trading network, saw strong quarter-over-quarter growth globally. For the first quarter, U.S. average daily volume was 51M, up 25% from Q4’11.  In Europe, total principal traded was US$15.7 billion, up 43% from Q4’11.

Liquidnet and Net Impact Enlist Business Students to Make Philanthropic Giving More Effective

Winners Announced in 2nd Annual Liquidnet “Markets for Good” Challenge

New York
A team of students from the Net Impact Chapter at CU Boulder was selected by a panel of expert judges to win the 2nd annual Liquidnet Markets for Good Challenge. Their “Needmap” idea – which provides donors with a real-time view of human needs, highlighting high-performing organizations solving them – won the
team $7,500. Additionally, a $2,500 donation will be made in the team’s honor to their designated nonprofit, Nyaya Health, a nonprofit that operates a hospital and mobile medical care services in Nepal.

The Rabble Rouser

Trading technology revolutionary Seth Merrin is trying to do what no one else has done: overthrow the investment banks' reign over share issuance.

Liquidnet Continues to See Strong Global Performance

Liquidnet Australia Celebrates Four Year Anniversary  with New Trading Record

New York
Liquidnet, the global institutional trading network, continued to see increased institutional trading activity and improved performance globally.

A relatively more stable environment in Europe led to strong month-over-month performance in the EMEA region. This included a 17% increase in total principal traded as well as a 22% increase in average daily traded principal.  Average daily liquidity was up 18% totaling $15.8 over January. In addition, Liquidnet’s average
negotiated execution size in EMEA was $1.22 mln USD in February, an 11% increase month-over-month.

Exchange Consolidation is Dead Says Liquidnet CEO Seth Merrin

Advises Exchange Leaders to Diversify, Differentiate, and Develop a Global Strategy in Order to Compete in Today’s Market

Istanbul
Seth Merrin, founder and CEO of Liquidnet, the global institutional trading network, advised exchange leaders to look for new alternatives over exchange consolidation to compete in today’s global market as part of his opening keynote address at the World Exchange Congress in Istanbul.

Liquidnet Australia Sets New Trading Record in February

Celebrates Four Years Of Providing Institutional Investors With Safe Liquidity That Protect Investors

Sydney
Liquidnet, the global institutional trading network set a trading record in Australia during February 2012, trading close to A$1 billion in member trades.  This record comes as Liquidnet celebrates its four-year anniversary of trading in Australia.

“For the last four years, we have been providing leading asset management firms in Australia and around the world with a way to trade their large blocks on a different scale by safely sourcing wholesale volumes of liquidity.  As our network of institutions who trade Australian equities continues to grow and the liquidity they contribute increases, we continue to see our pool and match probabilities grow exponentially year after year,” commented Sam Macqueen, Head of Liquidnet Australia.

Liquidnet Starts Year Off With Volume Increases Globally

Liquidnet Named Best Overall Dark Pool As Part of Wall Street Letter’s 2012 Awards

New York
Liquidnet, the global institutional trading network, saw a significant rise in volumes in January as institutional investors look to trade more blocks around the world. 

Liquidnet’s U.S. average daily volume was up 80% percent month-over-month, trading 1.2 billion shares.  This growth outpaced the volume growth in the overall market which increased 9% from December to January. In EMEA, total principal traded in Liquidnet and average daily principal were both up more than 111% monthover-month.  Liquidnet’s average negotiated execution size in EMEA was $956,494 in January, a 20% increase month-over-month.

Liquidnet Europe Appoints Exchange Leader Patrick Young as Non-Executive Director

London
Liquidnet, the global institutional trading network, today announced the appointment of Patrick Young as Non-Executive Director of Liquidnet Europe. In this role, he will provide strategic counsel to Liquidnet as it continues to expand its business across the region and further expand its exchange partnership strategy
globally. Patrick joins Executive Directors Seth Merrin, John Barker, Simon Ormrod, and Non-Executive Director Adrian Fitzpatrick, Head of Investment Dealing at Kames Capital, on the board.

Liquidnet Announces 2011 Performance Highlights

Global Expansion Drives Performance

New York
Liquidnet, the global institutional trading network, today announced 2011 performance highlights, monthly and year-to-date trading statistics for US and international equities.

“Liquidnet has established the global network for institutional investors to allow them to access liquidity and execute trades on a completely different scale. In a year of high volatility and increased uncertainty around the future of global markets, Liquidnet created unique investing opportunities and brought on new sources of liquidity. This includes our partnership with the SIX Swiss Stock Exchange and the addition of over 600 corporations to the network who now have the ability to execute buy backs and other at the market transactions through our platform,” said Seth Merrin, Founder and CEO of Liquidnet. “In 2012, Liquidnet is focused on continuing to provide the deepest and most unique pool of liquidity, opening up new investment opportunities around the world and creating an unmatched user experience for institutional investors globally.”

Liquidnet Ranked #1 In the U.S. and Europe for Operational Performance

PLACES FIRST IN ALL THREE MAJOR U.S. CATEGORIES FOR THE 2ND CONSECUTIVE YEAR

 

New York
Liquidnet, the global institutional trading network, announced today that it has been ranked #1 for operational performance in both the US and Europe as part of the 2011 McLagan Z/Yen Survey of Operational Performance of Brokers. This marks the fourth year in a row that Liquidnet has been ranked first for operational performance in the US and the first time that the same broker has received number one rankings in both markets.

Liquidnet Appoints Industry Veteran John Kelly as Chief Operating Officer

LUGENE FORTE JOINS AS HEAD OF U.S. SALES & TRADING OPERATIONS

New York
Liquidnet, the global institutional trading network, announced today the appointment of John Kelly as Chief Operating Officer and member of the leadership team effective immediately. In this new role for the company, John will be responsible for driving revenue across all of Liquidnet’s businesses globally. He will be based in New York reporting directly to Liquidnet Founder and CEO Seth Merrin.