Liquidnet, the global institutional trading network, today announced the launch of their Fixed Income dark pool that facilitates direct, peer-to-peer trading of corporate bonds among asset managers in the US, Canada and Europe, creating a much-needed hub of institutional liquidity. Liquidnet has enrolled more than 120 asset managers, representing a critical mass of liquidity and a sizeable portion of assets under management for high yield and investment grade bonds in the US. At launch, the platform will enable trading for US and European corporate bonds (high yield and investment grade), emerging market corporate bonds, and European convertible bonds.
Liquidnet, the global institutional trading network, today announced the launch of its Algo Ranking Model technology, designed to enhance the way institutional traders make their execution decisions. The Algo Ranking Model, built to complement Liquidnet’s recently launched suite of Next Gen Algos, uses innovative technology and a multi-factor model to holistically profile every order to rank execution strategies in real-time according to order characteristics, trading objectives, market conditions, and performance targets.
Liquidnet, the global institutional trading network, today announced the launch of its Next Gen Algo suite, designed to enhance the trading performance of its asset manager Member community around the world with precision tools built to address the complexities of institutional trading.
Liquidnet, the global institutional trading network, today announced that Chris Dennis has joined the company as Head of US Fixed Income Sales. Chris will be responsible for sales and strategy as Liquidnet builds out its high yield and investment grade trading platform scheduled to launch this quarter. Based in New York, he reports directly to Liquidnet’s Head of Fixed Income Constantinos Antoniades.
Liquidnet, the global institutional trading network, today announced the launch of Liquidnet Dark IEX, a new order routing strategy that provides the buyside with more access to safe trading opportunities by giving them the ability to access Liquidnet’s market-leading institutional liquidity pool while working their orders within IEX. This proprietary algorithm was designed to give the buyside broader access to block liquidity and a safer way to trade large orders while minimizing market impact.
Liquidnet, the global institutional trading network, today announced that it is integrating with seven Order Management Systems (OMS) to provide direct connectivity into the first dark pool for corporate bonds which is scheduled to launch in Q3. Through these integrations, Liquidnet is centralizing a critical mass of corporate bond liquidity to market participants so that they can take advantage of corporate bond trading opportunities that are currently not available in the marketplace.
Liquidnet, the global institutional trading network, today announced record first quarter performance in Asia Pacific as increased trading activity in the region, particularly Japan, pushed volumes to new highs.
Sourcing sufficient liquidity to get large trades done is the top concern of institutional traders globally, according to a survey conducted by Liquidnet, the global institutional trading network. Even as confidence in equity inflows returns, 84% of the survey’s respondents were either “concerned” or “very concerned” about being able to source liquidity in the current market. Liquidnet’s annual Institutional Voice survey canvassed the views of more than 115 buy-side equity traders around the globe.
Liquidnet, the global institutional trading network, today announced that industry veteran Chris Jackson has joined the company as European Head of Liquidnet's Execution and Quantitative Services (EQS) Group. Chris brings over twenty years of experience to this new role which will involve setting the strategic direction of the European Trading Desk and Algorithmic Services Group, as well as heading up the senior sales effort for Liquidnet's global algorithmic offering with European clients.
Liquidnet, the global institutional trading network, today announced the launch of Liquidnet 5 - the first platform to deliver to the buyside one of the most diverse sources of safe and actionable liquidity alongside optimized analytics and advanced execution tools through one customizable interface. By integrating its commission management and payment suite, Liquidnet 5 also eliminates the obstacles and conflicts that affect best execution.
Liquidnet is seizing on an opportunity to provide its network – which includes more than 770 of the world’s leading asset managers – with new and more efficient ways to optimally source diverse liquidity and satisfy best execution objectives. Through cutting-edge technology, a continued focus on block executions and an expanded offering that includes trade advisory and execution solutions, Liquidnet is helping to remove barriers to liquidity and more efficiently manage factors that impact performance.
Liquidnet, the global institutional trading network, today announced they have been ranked #1 Broker in the World for Equities Trading for the third year in a row by TCA firm Abel/Noser Solutions (ANS). Liquidnet’s lead ranking was driven by its ability to deliver best execution to its Members. Abel Noser noted that this ranking is underscored by Liquidnet’s focus on providing high-touch service and increased transparency to institutional investors.
Expansion of Team Brings International Capital Markets
Liquidnet, the global institutional trading network, continues to invest in its capital markets business with the goal of providing a more efficient capital raising process for public and private companies while delivering additional liquidity to its network of 740 which include the world’s leading asset managers.
Liquidnet, the global institutional trading network, today announced record second quarter performance in Asia Pacific as the company benefited from strong demand across the region for safe access to block trading among large institutions.
Liquidnet, the global institutional trading network, announced today that Rob Laible has joined the company as Head of Liquidnet’s Global Performance Team (GPT). Based in New York, Rob will work in close coordination with the sales, technology and product development teams across all regions with primary responsibility for leading and driving the marketing, sales, execution, and servicing of Liquidnet’s algorithmic trading services, execution desks and analytics as well as management of its liquidity partner relationships. He will be a member of the leadership team reporting to Liquidnet’s Chief Operating Officer, John Kelly.
Liquidnet today announced that nearly 80% of its members have met with Liquidnet in person to review and confirm their Liquidnet Transparency Controls settings.
Liquidnet, the global institutional trading network, announced strong performance for the first quarter of 2014, including record quarters of principal traded in both Europe and Asia.
Liquidnet, the global institutional trading network, announced today that Bob Garrett has joined the company as Head of Technology and a member of the leadership team. In this role, Bob will be responsible for establishing the technical direction of the company and coordinating with business leaders and product managers in the development of products, solutions and processes that align with Liquidnet’s mission to make markets more efficient. Bob is based in New York, reporting to Liquidnet’s Chief Operating Officer, John Kelly.
Liquidnet, the global institutional trading network, announced today that Adam Sussman has joined the company as Head of Market Structure and Liquidity Partnerships. In this global role, Adam will serve as a senior advisor on market structure issues providing insight and guidance on industry developments, technological trends, and financial industry dynamics to Liquidnet’s community of buy side Members and customers.
Liquidnet, the global institutional trading network, announced today that it will enter the fixed income market with its acquisition of bond trading platform Vega-Chi. This partnership, subject to regulatory approval, will combine Liquidnet’s experience, scale and global reach within the institutional investment community with Vega-Chi’s proven corporate bond trading platform and sector expertise to accelerate efficiencies within the corporate bond market.
Liquidnet, the global institutional trading network, kicked off the year with strong trading performance in Europe and Asia reflecting the flow of institutional assets into these regions.
Liquidnet, the global institutional trading network, announced strong performance globally for 2013. Liquidnet, whose 740 members include the world’s largest asset managers, has seen institutional investor flows return to markets, such as Europe and Asia, amid improved global economic conditions.
The Milken Institute’s Access to Global Capital Initiative and the Tony Blair Africa Governance Initiative announced Thursday that they will work together with the government of Rwanda to help identify and implement best practices that accelerate the flow of capital.
Liquidnet, the global institutional trading network, today announced the expansion of its commission management services (CMS) to Members in Europe. Since 2011, Liquidnet has offered a comprehensive suite of commission management solutions designed to reduce the conflicts that stem from the simultaneous pursuit of best execution and the need to manage commission payments.
Liquidnet, the global institutional trading network, today announced that Brennan Warble has joined the company as Head of US Sales and a member of the global leadership team effective August 5th.
Liquidnet, the global institutional trading network, today announced strong quarterly performance in EMEA and a record first half in Asia Pacific. In addition, Liquidnet announced that for the second year in a row, it achieved the ranking of #1 Brokerage Firm in both the global and North American rankings by Abel/Noser Solutions, provider of broker-neutral pre-trade, real-time and post-trade tools for institutional investors.
Deutsche Börse will launch a new block trading service on Xetra MidPoint on 29 July and named Liquidnet, the global institutional trading network, as the Block Agent for this new service.
Liquidnet, the global institutional trading network, today announced that together with Capital Group that they are the first broker and asset manager combination to successfully complete the post-trade lifecycle by utilizing the FIX Protocol.
RECEIVES INDUSTRY RECOGNITION FOR HELPING TO DRIVE INVESTMENT PERFORMANCE FOR ITS NETWORKING OF INSTITUTIONAL INVESTORS
Liquidnet, the global institutional trading network, reported a series of Asia Pacific trading records in May, including a record month of principal traded and the highest volume traded in a single day, since launching in the region five years ago, as the equity market rally drew increased participation from buyside members.
Liquidnet, the global institutional trading network, will be honored this evening at the 5th annual “Stand Up & Be Counted” benefit event hosted by the Agahozo-Shalom Youth Village (ASYV), a community devoted to educating and nurturing 500 orphaned and vulnerable teenagers in Rwanda. The ASYV is the global charitable partner of Liquidnet For Good, the company’s corporate impact program that leverages Liquidnet’s resources in pursuit of a better world.
Liquidnet Members Can Now Access Institutional Liquidity and Opportunities Across 10 Asia Pacific Markets and 42 Markets Globally
Liquidnet, the global institutional trading network, continues its expansion in high growth markets with the announcement that institutional investors can now trade securities listed in Thailand. The Thailand launch is the 42nd market globally for Liquidnet and the 10th market in Asia Pacific, further boosting the number of investment opportunities available for more than 740 of the world’s leading asset management firms.
GROWTH REFLECTS BROADENING INTEREST IN INVESTMENT OPPORTUNITIES IN 41 MARKETS ACCESSED THROUGH LIQUIDNET'S INSTITUTIONAL NETWORK
Liquidnet, the global institutional trading network, announced strong quarterly performance globally. In Europe, total principal traded was over US$22.6 billion, up 64.7% from Q4’12. In Asia, overall principal traded exceeded US$5 billion for the first time, marking a 20% increase over last quarter. In the US, average daily volume was up by 25% over last quarter, averaging 44M shares.
CUSTOM CURRICULUM WILL BE TAILORED TO EMPLOYEE INTEREST AND BUSINESS NEEDS
Liquidnet, the global institutional trading network, announced today that as part of its commitment to talent engagement through education, the company has launched an innovative partnership with the NYU Stern School of Business. Liquidnet and NYU Stern have worked together to design the Liquidnet core business management program for the company’s business leaders that will be led by Stern professors later this month.
LIQUIDNET RECOGNIZED FOR HELPING BUY SIDE OPTIMIZE PERFORMANCE BY EXECUTING LARGE TRADES MORE EFFICIENTLY
Liquidnet, the global institutional trading network, announced today that it has received two industry awards recognizing the company for its focus on providing institutional investors with the ability to achieve best performance by trading large blocks of stock more efficiently. For the second year in a row, Liquidnet was named “Best Overall Dark Pool” as part of Wall Street Letter’s 2013 Institutional Trading awards. The awards recognize brokerage firms, exchanges and financial technology companies for achievements and innovation in the institutional trading industry from 2012 as determined by a panel of independent judges.
First Firm to Sweep the #1 Position in All Major Categories in Both the US & Europe
Liquidnet, the global institutional trading network, announced today that it has been named the #1 Global Broker for Operational Performance as part of the 2012 McLagan [Z/YEN] Survey of Operational Performance of Brokers. Liquidnet is also the first firm to rank first in all major categories of the annual survey in both the US and Europe.
Liquidnet, the global institutional trading network, celebrates the first graduating class of the Liquidnet Family High School located at the Agahozo-Shalom Youth Village (ASYV) in Rwanda which took place on January 10, 2013. For the last four years, these students - many of them orphans of Rwanda’s genocide – have resided at the ASYV, a cutting edge community aimed at educating and nurturing young adults who were orphans of war, violence and disease to become the country’s leaders. Rwanda’s president, Paul Kagame attended the ceremony at the ASYV’s campus, which is located about 30 miles from the Rwandan capital of Kigali.
Liquidnet Celebrates Milestone Anniversaries in Europe and Asia Pacific
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.
Industry Veteran to Drive Growth Across Europe and Expand Global Institutional Network
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.
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”.
FOCUS ON INTEGRATING & DEVELOPING PRODUCTS FOR INSTITUTIONAL INVESTORS TO CONNECT, COMMUNICATE AND TRANSACT MORE EFFICIENTLY
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.
Institutional Investors Can Now Access Large-Scale Liquidity in Nine Asia Pacific Markets and 41 Markets Globally
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, 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.
Institutional Investors Can Now Access Much Needed Large-Scale Liquidity in this Important Growth Market
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.
Liquidnet, the global institutional trading network, today announced that it continued to maintain its dominance in market block volume enabling 700 of the world’s leading asset management firms to achieve best execution on their large-scale trades and drive performance during the second quarter of 2012.
In Pursuit of Performance, Institutional Investors Continue To Trade In Size To Best Execute Investment Ideas
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.
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.
REGULATIONS SUPPORT EXISTING STRUCTURE OF LIQUIDNET
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.
NEW RECORDS SET IN ASIA PACIFIC REGION
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.
Winners Announced in 2nd Annual Liquidnet “Markets for Good” Challenge
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.
Liquidnet Australia Celebrates Four Year Anniversary with New Trading Record
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.
Advises Exchange Leaders to Diversify, Differentiate, and Develop a Global Strategy in Order to Compete in Today’s Market
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.
Celebrates Four Years Of Providing Institutional Investors With Safe Liquidity That Protect Investors
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 Named Best Overall Dark Pool As Part of Wall Street Letter’s 2012 Awards
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, 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.
Global Expansion Drives Performance
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.”
PLACES FIRST IN ALL THREE MAJOR U.S. CATEGORIES FOR THE 2ND CONSECUTIVE YEAR
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.
LUGENE FORTE JOINS AS HEAD OF U.S. SALES & TRADING OPERATIONS
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.