Liquidnet’s Algo Offerings rolled out across Europe and Asia Pacific
Liquidnet, the global institutional trading network, today announced record global performance in its EMEA, APAC and Canada regions, while also posting strong results in the US.
“As many firms are retrenching, we have been focused on creating differentiated offerings for our buy-side Members in every one of our regions. This strong performance around the globe is confirmation that they are not only valuing these offerings but also taking more advantage of them,” said Seth Merrin, Founder and CEO of Liquidnet.
The first quarter of 2016 represented a record quarter for Liquidnet EMEA in overall principal traded as well as algorithm trading, which was up 380% year-over-year. In total, Liquidnet’s buy-side Members traded $39.6 billion in European equities, surpassing the previous best quarter (Q4 2015) by 6.2%. These quarterly results reflect 23% growth compared to the same quarter last year.
“We continue to see consistent growth in total principal traded in European equities, which is in stark contrast to the overall market decline in Q1,” said Mark Pumfrey, Head of Liquidnet EMEA. “As institutions gear up for MiFID II where best execution is paramount and natural block liquidity becomes even more valuable, we expect to see further growth in our core business, Next Gen Algos and Fixed Income offering.”
Liquidnet’s APAC region also witnessed record trading with buy-side Member firms trading US $7.3 billion in principal, and surpassing the previous best quarter (Q3 2015) by 7%. The region’s recently-launched algos saw tremendous growth, trading in excess of US $1 billion. The first quarter of 2016 also included Liquidnet’s latest market launch with the introduction of Taiwan, Liquidnet’s 12th market in the region and 44th equity market worldwide.
“Despite major industry headwinds, 2015 was a record year for us and we’re happy to see that momentum continue into the first quarter of 2016,” said Lee Porter, Head of Liquidnet Asia Pacific. “While others in our industry may be shying away from the region, we see a lot of potential and remain committed to growing our footprint as evidenced by our recent expansion of our algo offerings and opening up the Taiwanese equity market.”
Liquidnet Canada also showcased a noteworthy start to the year up 77% from the same quarter last year, with a record average daily volume of 3.6 million shares traded for the first quarter. In the US, Liquidnet reported solid growth with average daily volume of 46 million shares, up 21% compared to the same quarter in 2015. The US EQS team also celebrated a strong quarter, with algo volume up 77% from Q1 2015.
Liquidnet is the global institutional trading network where more than 800 of the world’s top asset managers and other like-minded investors come to execute their large trades with maximum anonymity and minimum market impact. As the global leader in large block trading, Liquidnet provides access to unique trading opportunities in 44 markets across five continents. Liquidnet approaches every market with the same bold vision to provide a better, more efficient way to trade on a massive scale. It is this focus on size, combined with the strength of its network, disruptive technology, and commitment to transparency, that is revolutionizing the way equities and corporate bonds are traded. For more information, visit www.liquidnet.com and follow us on Twitter @Liquidnet.
© 2016 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is authorized and regulated by the Financial Conduct 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 the 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.