Liquidnet announced today that it enjoyed a record performance in its various markets around the world in the quarter ended September 30.
Liquidnet Canada, in less than one year since its inception, surpassed 100 million shares of Canadian equities traded. Its Canadian liquidity pool grew to nearly 180 million shares per day, provided liquidity in more than 350 Canadian symbols daily and facilitated an average trade size of 90,000 shares.
Additionally, Liquidnet Europe became the sixth largest agency broker on the London Stock Exchange and posted record principal volume of £9.1 billion for the quarter, a 22% increase over the previous quarter and a 131% increase year-over-year. The strong growth reflected Liquidnet’s broad penetration across Europe, with the company reporting a nearly even split between the trading of stocks on the LSE and other European exchanges.
Finally, Liquidnet U.S. reached a record average daily volume of 60.9 million shares, an increase of 12% over the previous quarter and 31% year-over-year. It achieved a single-day volume record of 112,843,100 shares, maintained an average execution size of 51,151 shares per negotiated trade, and posted a crossing rate in Liquidnet H2O of 23%.
“As our institutional members seek investment opportunities in various parts of the world, we are becoming an indispensable venue for executing those ideas,” said Seth Merrin, CEO of Liquidnet. “The larger and more global the community grows, the greater the benefit each member receives from trading on our platform.”
Liquidnet enjoys record performance in third quarter
- By: James Langton
- November 6, 2007 November 6, 2007
- 09:40