LONDON--(BUSINESS WIRE)--Liquidnet, the global institutional trading network, has been voted “Best Buy-Side Execution Venue” as part of the Buy Side Technology Awards 2011. This is the fourth consecutive year that Liquidnet has received this award.
Victor Anderson, Editor in Chief of Waters magazine, WatersTechnology.com, and a member of the Buy-Side Technology judging panel said: “Liquidnet continues to be the venue of choice for buy-side firms looking to execute large block orders off-exchange. Liquidnet’s win in this year’s best buy-side execution category, its fourth win in succession, is no easy feat, considering how competitive the buy-side trading landscape has become. Not only has Liquidnet increased its total client numbers but its extensive exchange partnerships set it apart from other venues, providing the buy side with the deepest, most reliable liquidity available.”
John Barker, Head of International for Liquidnet and Managing Director of Liquidnet Europe commented: “Over the last ten years, Liquidnet has built a network for institutional investors that allows them to access liquidity and execute trades on a different scale. Our number one priority is to source and deliver liquidity to them so that they can execute large trades and get the best returns for their clients and we have been able to do this by bringing on new sources of actionable liquidity directly to them. And we do this in a safe and trusted environment where we protect the integrity of the pool and the interests of investing institutions globally. This recognition further reinforces the value we deliver to these asset management firms globally.”
Liquidnet is committed to offering its members the deepest and broadest pools of liquidity. In the last year it has extended its equity trading base to cover 39 countries, adding New Zealand, Israel, Malaysia and Indonesia. It has also signed a landmark agreement with the SIX Swiss Exchange so that exchange members and buy side market participants can execute large block trades efficiently in Swiss and global equities through Liquidnet’s exclusive global liquidity pool.
John Barker added: “Our strategy to further develop our relationships with exchanges, together with strategies for seeking additional protected, actionable liquidity, are all designed to provide our members with access to global volume in local markets enabling them to achieve all their investment objectives.”
The average execution size in Liquidnet’s global negotiated pool is around 100 times larger than any other exchange, lit or dark venue. For the year through August 2011, total international principal traded was up by 30% to $78 trillion. Liquidnet’s network includes more than 630 of the world’s blue chip asset management firms who control assets worth approximately US$12.4 trillion.
Today’s achievement adds to a range of awards won by Liquidnet already this year, including
- “Number I 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.
* All trades included in the ranking were reported during the four quarters ended September 30, 2010.
About Liquidnet
Liquidnet is the global institutional trading network that connects equity investors with the liquidity they need– in size, at any time, from anywhere. We go beyond what the current market can provide by defending and securing the integrity and anonymity of the block trade. We do this while continuously looking for ways to bring in new sources of safe, actionable liquidity from asset management firms, exchanges, brokers and corporations. Since we launched in 2001, our ability to anticipate and meet institutional demand has allowed us to extend trading to 39 equity markets across five continents for asset management firms who collectively manage US$12.4 trillion. For more information on the Liquidnet community, 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 authorized and regulated by the Financial Services Authority in the UK and 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 a licensed corporation under the Corporations Act of Australia, AFSL number 312525, and is registered as an overseas company in New Zealand, number 2407809.