Transparency & Regulatory

 

Liquidnet, Inc.


FORM ATS - NEGOTIATION

FORM ATS - H2O

Liquidnet is making publicly available copies of the most recent restated Form ATSs for its Negotiation and H2O ATSs. The publicly available copies of the filings include the exhibits to the Form ATSs but exclude the annexes referenced in the exhibits to the Form ATSs. Going forward, Liquidnet intends to make publicly available future restatements of its Form ATSs but not Form ATS amendments that do not restate the then-current Form ATSs. It is Liquidnet’s current practice to file a restated Form ATS for each ATS on approximately a quarterly basis.

INVESTMENT PROTECTION PRINCIPLES

Liquidnet fully supports the Investment Protection Principles made effective July 1, 2002, by the states of North Carolina and New York and has adopted these principles as they apply to Liquidnet's business

SEC RULE 606 QUARTERLY REPORTS

Liquidnet's most recent required quarterly report on routing of customer orders, in accordance with the Securities and Exchange Commission (SEC) Rule Number 606, is listed below.

MONTHLY ORDER EXECUTION REPORTS

Liquidnet’s monthly order execution reports, in accordance with the Securities and Exchange Commission (SEC) Rule 605, are listed below. Please note, all order execution statistics herein include executions within the Liquidnet Negotiation ATS resulting from negotiated terms agreed by members.

 

LIQUIDNET EUROPE LIMITED


LIQUIDNET EQUITY MTF – FEE SCHEDULE

Fee schedule for Equity MTFs

LIQUIDNET EUROPE LIMITED (LNEL) RTS 27 DISCLOSURE

On a quarterly basis, under the requirements of Regulated Technical Standard 27 (“RTS 27”) of MiFID II, Liquidnet Europe Limited (LNEL) must provide disclosures around the trades executed on its trading venues and the quality of their execution.

LIQUIDNET EUROPE LIMITED (LNEL) RTS 28 DISCLOSURE 2017

On an annual basis Liquidnet Europe Limited (LNEL) are required under the requirements of Regulated Technical Standard 28 and Delegated Acts, Article 65 of MiFID II to provide additional disclosures around the execution venues and brokers utilised for each asset class and certain information on the quality of execution.

LIQUIDNET FIXED INCOME MTF – FEE SCHEDULE

Fee schedule for Fixed Income MTFs

PRE-TRADE AND POST-TRADE TRANSPARENCY – FIXED INCOME

Pre-trade and post-trade transparency data for orders and executions in fixed income securities reported by Liquidnet Europe Limited in accordance with applicable regulations.

ORDER EXECUTION POLICY

Liquidnet Europe Limited-- order execution policy (including information on Limit Orders, Execution Venues, Trade and Transaction Reporting and Material Interests)

CONFLICTS POLICY

Liquidnet Europe Limited-- arrangements for managing conflicts of interest and policy on inducements

FCA REMUNERATION CODE DISCLOSURE

Details of Liquidnet Europe Limited's remuneration disclosure

PILLAR 3 DISCLOSURE

Details of Liquidnet Europe Limited's regulatory capital requirements and risk assessment processes.

RECENT EUROPEAN SECURITY EXECUTIONS

Details of the latest South African equity execution in Liquidnet Europe's system

MTF PARTICIPATION RULES - EQUITIES

Equity Transactions - Rules for participation in Liquidnet Europe Limited

MTF PARTICIPATION RULES - FIXED INCOME

Fixed Income Transactions - Rules for participation in Liquidnet Europe Limited

 

LIQUIDNET ASIA LIMITED.


ALTERNATIVE LIQUIDITY POOL GUIDELINES

SFC Code of Conduct requirements

 

LIQUIDNET AUSTRALIA PTY LTD.


CROSSING SYSTEM OPERATOR PUBLIC DISCLOSURE

ASIC disclosure requirements

 

LIQUIDNET CANADA INC.


COMMISSIONS AND FEES – EQUITIES

Details of the Liquidnet Canada fee and commission structure for equities

COMMISSIONS AND FEES – FIXED INCOME

Details of the Liquidnet Canada fee and commission structure for bonds

LIQUIDNET CONFLICT OF INTEREST POLICY

Liquidnet's Conflict of Interest Policy for Canada

LIQUIDNET CANADA TRADING RULES SUMMARY

A summary of Liquidnet's trading rules for Canada

CANADA ORDER HANDLING AND EXECUTION POLICY

An overview of how Liquidnet Canada handles their orders when trading on multiple Canadian marketplaces

CONNECTIVITY

Technical instructions for how to connect to LN FIX system

IIROC MARKETPLACE THRESHOLDS

As mandated by IIROC, Liquidnet Canada has implemented marketplace thresholds effective August 19th, 2016.

LIQUIDNET CANADA INC. IS A MEMBER OF THE CANADIAN INVESTOR PROTECTION FUND (CIPF)

More information about the Canadian Investor Protection Fund (CIPF) can be found at www.cipf.ca.

LIQUIDNET CANADA INC. IS REGULATED BY IIROC

More information about the Investment Industry Regulatory Organization of Canada (IIROC) can be found at www.iiroc.ca.

 
 
 

Disclaimers

© 2018 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 Sector Conduct Authority in South Africa, and is a member of the London Stock Exchange and a remote member of the Warsaw Stock Exchange. Liquidnet Canada Inc. Is a member of the Investment Industry Regulatory Organization of Canada and a member of the Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission for Type 1 and Type 7 regulated activities 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.