NEW YORK--(BUSINESS WIRE)--Liquidnet, the global institutional trading network, announced today that the United States Patent and Trademark Office has awarded Liquidnet two United States patents related to its global trading network. As of today, Liquidnet holds five US patents which reflect the innovations the company has introduced to make trading more efficient for the institutional investment community.
On November 9, 2011, Liquidnet was issued US Patent No. 8,055,576 entitled “Electronic Securities Marketplace Having Integration with Order Management Systems.” This patent covers various methods and systems for the automated transmission of orders from order management systems used by the world’s blue chip asset management firms. Liquidnet was also issued US Patent No. 8,073,763 on December 6, 2011 entitled “Trade Execution Methods and Systems” which covers other computer implemented trading methods and systems for executing non-displayed priced orders with the aid of smart order routers.
“The global institutional trading network that we have built for more than 630 of the world’s leading asset management firms has proven to offer unique value in terms of its scale, its exclusivity, its safety and the quality of the liquidity and executions. Institutional investors around the world trust Liquidnet to provide the deepest liquidity, the largest execution sizes and execute in the safest venue in the 39 markets in which we trade,” said Seth Merrin, Founder and CEO for Liquidnet. “These patents further reinforce the unique model we have created for these investors giving them liquidity, anonymity and performance not found on any other trading venue.”
Liquidnet was previously issued three patents including US Patent No. 7,831,507 on November 9, 2010, US. Patent No. 7,747,515 on June 29, 2010, and U.S. Patent No. 7,136,834 on November 14, 2006. All three patents are related to Liquidnet’s trading technology and its integration with the institutional investment community.
Liquidnet continues to be recognized globally with awards for trading performance, best execution, transaction cost saving and clearing and settlement. Earlier this month, Liquidnet was named “Best Buy-Side Execution Venue” as part of the Buy Side Technology Awards. Other recent achievements include:
- “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.
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 retail market can provide by defending and securing the integrity and the 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 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.