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Liquidnet Starts Year Off With Volume Increases Globally

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Liquidnet Named Best Overall Dark Pool As Part of Wall Street Letter’s 2012 Awards

New York
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. 

“The year has started off on a positive note with institutional investors having more conviction and putting money to work. Those two factors lead to greater competition to find liquidity in size and  trade large blocks of stock.  Other factors playing into the bullish tonality of the market included the decline in overall market volatility and positive U.S. economic data and earnings reports,” commented Brian Williamson, Senior U.S. Equities analyst at Liquidnet. “Globally, we have also seen the fear factor in the market dramatically reduce as Europe continues to handle its financial issues and concerns about Europe’s future have abated. That is tremendous news for block trading.”

Liquidnet continued to dominate block trading in the first month of 2012. On average in January, when Liquidnet Members traded a U.S. stock[iii], they represented 37% of the day’s market block volume in that stock. In addition, 60% of the time Liquidnet Members traded a U.S. stock in January they executed either the 1st or 2nd largest print of the day in that stock. For small cap stocks, Members executed the 1st or 2nd largest prints of the day 80% of the time.

Liquidnet also announced that that it has been named Best Overall Dark Pool as part of Wall Street Letter’s 2012 Institutional Trading Awards. The awards were developed to recognize excellence among providers to the institutional trading industry for achievements and innovation over the last year. Other recent accolades include: 

  • Buy Side Technology’s “Best Buy Side Execution Venue“ for the fourth consecutive year 
  • "Number 1 Broker Worldwide and in North America in Trading Performance” in a survey conducted by Ancerno Ltd on behalf of Bloomberg news, 2011 
  • “Best Performing Broker in the United States” in a survey conducted by Elkins McSherry on behalf of Pensions & Investments. 
  • The Asset’s Asian Awards “Best Crossing Network 2011” for the third consecutive year. 
  • The Asian Banker’s “Dark Pool of the Year” for the second time.

January Volume Chart

About Liquidnet

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.

Contact

Melissa Kanter, Liquidnet
Global Marketing & Communications
+1 646 660 8469
mkanter@liquidnet.com

[ i] Historical numbers may be subject to revision.
[ii] Consists of shares of U.S. equity securities executed in our negotiation and Liquidnet H2O® ATSs and third
party execution venues.
[iii] Negotiation product.
[iv] Amounts adjusted to reflect foreign exchange rates for the same period from 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.

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