Transparency & Regulatory
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.
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
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.
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 EU LIMITED
Liquidnet EU Limited - order execution policy (including information on Limit Orders, Execution Venues, Trade and Transaction Reporting and Material Interests)
Liquidnet EU Limited - arrangements for managing conflicts of interest and policy on inducements
Equity Transactions - Rules for participation in Liquidnet EU Limited
Fixed Income Transactions - Rules for participation in Liquidnet EU Limited
Fee schedule for Equities MTF
Fee schedule for Fixed Income MTF
LIQUIDNET EUROPE LIMITED
Fee schedule for Equity MTFs
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.
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.
Fee schedule for Fixed Income MTFs
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.
Liquidnet Europe Limited-- order execution policy (including information on Limit Orders, Execution Venues, Trade and Transaction Reporting and Material Interests)
Liquidnet Europe Limited-- arrangements for managing conflicts of interest and policy on inducements
Details of Liquidnet Europe Limited's remuneration disclosure
Details of Liquidnet Europe Limited's regulatory capital requirements and risk assessment processes.
Details of the latest South African equity execution in Liquidnet Europe's system
Equity Transactions - Rules for participation in Liquidnet Europe Limited
Fixed Income Transactions - Rules for participation in Liquidnet Europe Limited
LIQUIDNET ASIA LIMITED.
SFC Code of Conduct requirements
LIQUIDNET AUSTRALIA PTY LTD.
ASIC disclosure requirements
LIQUIDNET CANADA INC.
Details of the Liquidnet Canada fee and commission structure for equities
Details of the Liquidnet Canada fee and commission structure for bonds
Liquidnet's Conflict of Interest Policy for Canada
A summary of Liquidnet's trading rules for Canada
An overview of how Liquidnet Canada handles their orders when trading on multiple Canadian marketplaces
Technical instructions for how to connect to LN FIX system
As mandated by IIROC, Liquidnet Canada has implemented marketplace thresholds effective August 19th, 2016.
More information about the Canadian Investor Protection Fund (CIPF) can be found at www.cipf.ca.
More information about the Investment Industry Regulatory Organization of Canada (IIROC) can be found at www.iiroc.ca.