NEW YORK & HONG KONG--(BUSINESS WIRE)--Liquidnet, the institutional equities marketplace that enables secure and anonymous block trading of equities, announced today that it has once again expanded its trading operations to now include listed securities in Indonesia. The trading of Indonesian equities on the Liquidnet platform will commence on January 25, 2011. Liquidnet now offers institutional investors trading access to 39 equity markets (plus London and Luxembourg GDRs) around the world.
Lee Porter, Head of Asia Pacific for Liquidnet, said, “Money managers across the globe are increasingly looking to access high growth emerging markets, such as Indonesia, and Liquidnet is providing opportunities to capture alpha in these markets by bringing Indonesian equities onto our platform. This addition is the latest example of new ways we are bringing global block liquidity to our Members so that they can trade efficiently and anonymously in a safe environment.”
Indonesia is a high growth market in which the benchmark Jakarta Composite Index gained more than 45 percent in 2010, making it the best performer among Asia’s 10 biggest markets1. The Index is made up of 421 publically traded companies with commodity stocks and financials among the most heavily weighted constituents. According to a central bank forecast in September, Southeast Asia’s biggest economy may grow as much as 6.4 percent in 2011 from an estimated 6 percent in 2010, propelled by strong exports and domestic consumption.
John Barker, Head of International for Liquidnet added, “Indonesia offers investors a sizeable equity market, backed by a stable economy and strong growth prospects. The addition of Indonesian trading onto our platform is another step Liquidnet is taking to ensure our Members can source large-order liquidity in their investment destination of choice.”
The launch in Indonesia is the second market in Southeast Asia added by Liquidnet in recent months. Trading in Malaysian equities commenced in November 2010, and has already seen an average execution size on Liquidnet of US$1.5 million. By comparison, the local stock exchange, Bursa Malaysia, recorded an average trade size of around US$5,800 during the months of October and November 2010 (according to the World Federation of Exchanges). Average daily liquidity for Malaysian equities in Liquidnet’s pool was US$361 million during December 2010.
The Indonesian launch comes after another record year for Liquidnet’s Asia Pacific operations. Principal traded in 2010 smashed through the previous year’s record, rising 37 percent year-on-year to US$14 billion.
About Liquidnet
Liquidnet is the institutional equities marketplace, bringing together the world’s largest asset managers and public companies on a single network that directly connects traders, portfolio managers, analysts and corporate issuers. Liquidnet enables its Members to achieve greater performance by moving from investment idea to implementation faster, ultimately retaining more alpha throughout the entire institutional investment cycle. Launched in 2001, Liquidnet extends to 39 equity markets across five continents. Liquidnet is headquartered in New York with offices in Boston, London, San Francisco, Chicago, Toronto, Tokyo, Hong Kong, Sydney and Singapore. For more information on Liquidnet, its liquidity, block executions, and additional investment capabilities, visit www.liquidnet.com.
© 2011 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is regulated by the Financial Services Authority 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 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 a licensed corporation under the Corporations Act of Australia, AFSL number 312525 and is registered as an overseas company in New Zealand, number 240780.
1 When comparing the performance of Asia’s 10 largest markets to the Jakarta Composite Index.