A recent study concluded that where you execute large trades can have a significant impact on performance. Volatility was shown to be, on average, 250% higher for other brokers relative to Liquidnet in the one minute prior to a block execution. Significantly increased volatility prior to a block execution is an indicator of information leakage, which can have an adverse effect on execution quality. Read the summary paper here.
Liquidnet CEO Seth Merrin sat down with Bloomberg <GO> to talk about the launch of Liquidnet's Fixed Income Dark Pool, a new model for fixed income. Watch the clip here.