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.
"The Turkish economy has shown strong signs of growth despite global macro volatility, capturing the interest of portfolio managers globally," said Per Lovén, Head of Corporate Strategy for Liquidnet Europe. "As Turkey continues on its path to becoming a regional financial powerhouse, institutional investors looking to unlock value in Turkish growth companies will now be able to source large-scale liquidity in those equities, with minimal market impact, through our trading network."
Turkey, the 15th largest economy in the world and the seventh largest in Europe, continues to establish itself as a major economic player between Europe, Asia and the Middle East. In June this year, Turkey’s credit rating was upgraded to one step below investment grade by Moody’s Investors Service, which cited the country’s improving fiscal conditions as its primary impetus. Today, there are more than 1,000 companies traded on the Istanbul Stock Exchange with a total domestic market cap of TRY472.6 billion. EUR 422 million of new capital alone was channeled through the exchange via IPOs in 20111.
"Turkish equities are attractive from an investment perspective, and the addition of a new market to Liquidnet is welcomed as the ability to trade Turkish equities anonymously, in block size, is a favorable solution", said Mandy Pike, Global Head of Equity Dealing at Aberdeen Asset Management PLC.
The launch of Turkish equities trading follows Liquidnet’s aggressive global expansion into high growth markets. Most recently, the company introduced equities trading in Indonesia and Malaysia—fast becoming two of the region’s most actively traded markets and clearly signaling investors’ appetite for new performance opportunities.
Liquidnet is the global institutional trading network that connects over 700 of the world’s top asset managers to large-scale equity trading opportunities across the globe — 41 markets across five continents. With an average trade size of more than 44,000 shares in the US, 68,800 in Canada, and approximately $1 million in Europe, Africa and Asia Pacific*, Liquidnet is a leader in large block trading globally. Liquidnet does this by going beyond what the retail market can provide by defending and securing the integrity and the anonymity of the block trade while continuously looking for ways to bring in new sources of safe, actionable liquidity from asset management firms, exchanges, brokers and corporations. Asset Managers rely on Liquidnet to help them protect the performance of their portfolios by allowing them to enter and exit their portfolio positions more efficiently. For more information on the Liquidnet community, its liquidity, block executions, and additional investment capabilities, visit www.liquidnet.com.
Melissa Kanter, Liquidnet
Global Marketing & Communications
+1 646 660 8469
1FESE, December 2011
*as of 1H 2012
©2012 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is authorized and regulated by the Financial Services Authority in the UK, is licensed by the Financial Services Board in South Africa, and is a member of the London Stock Exchange and a remote member of the Warsaw Stock Exchange and SIX Swiss Exchange. Liquidnet Canada Inc. is a member of IIROC and a member of Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and a provider of automated trading services pursuant to the Securities and Futures Ordinance and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the Australian Securities and Investment Commission as an Australian Financial Services Licensee, AFSL number 312525, and is registered with the New Zealand Financial Markets Authority as a Financial Service Provider, FSP number FSP3781.