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.
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. Source: Elkins/McSherry, a State Street company.