News & Views

Adam’s Take: Access Fee Cap


Liquidnet's Global Head of Market Structure Adam Sussman gives his throughts on the SEC's Transaction Fee Pilot. In his opinion, while this comes at the expense of testing additional hypotheses within all or some of the buckets, the simplicity of the proposal allows the SEC to focus on one thing: how much does transaction fees drive behavior.

Liquidnet Rolls Out Virtual High Touch Solution for Best Execution Analysis


Liquidnet announced the launch of Best Ex Replay, the newest addition to the Liquidnet Virtual High Touch suite powered by data and analytics from OTAS Technologies.

Best Ex Replay™ enables traders to recall precise market conditions to explain the context of execution decisions, investigate orders that experienced exceptional market conditions, and to help their firm meet regulatory reporting requirements such as MiFID II. It also enables traders to provide detailed execution feedback to Portfolio Managers.

Advanced Tech will be Essential to Fixed Income Trading in a Post-MiFID II Marketplace, Study Reveals

Liquidnet published the results of a recent survey of global asset management firms that explores how MiFID II impacts the role of technology in trading corporate bonds. According to the study, titled ‘Future Tech— Trading Bonds Post MiFID II’, 86% of respondent firms had technology in place to comply with the MiFID II European regulation implementation date. This is still a work in progress, however, with 86% of firms currently in the process of re-configuring workflows and 68% improving data collection.

Liquidnet’s Dark Pool Value Index: The Volatility Edition

When wild market days occur, there are always questions about how the composition and trading characteristics of the market may affect how to source liquidity and protect alpha. The implications for trading echoes a common theme: Higher order decisions such as choosing the best algorithmic strategy will be more impactful than lower-level choices such as trading venue.

Read this edition of the Dark Pool Value Index on volatility here

Liquidnet Expands Equities Sales Team

Liquidnet announced the hire and appointment of Timothy Gee as Head of the Western Sales Team. Timothy brings over 30 years of industry experience and will be responsible for the Western Sales Region in the US, which includes the Midwest and the West Coast.

Abel Noser and Liquidnet Launch Portfolio Manager Profiling Pilot

Liquidnet and Abel Noser Solutions announced the pilot of Portfolio Manager Profiling. The model, when incorporated into Liquidnet’s Virtual High Touch® Next Gen algo suite, links historical trade and TCA data with the portfolio manager’s decisions to create a distinct profile for each participating portfolio manager. These profiles are then factored into determining a suggested algo trading strategy via Liquidnet’s Algo Ranking Model (ARM).

Liquidnet Bolsters Global Trading Desk

Liquidnet announced that it has further expanded its global equities trading desk with new hires in both New York and Hong Kong. In addition to the core algorithmic, program and single-stock trading capabilities, the agency-only trading desk is powered by an innovative suite of Liquidnet Virtual High Touch™ products including: Targeted Invitations, Algo Ranking Model and Course Correction.