Liquidnet: Difference between revisions
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'''Liquidnet''' is a global [[Institutional investor|institutional]] trading network that connects asset managers with liquidity. Liquidnet trades in 41 [[Stock market|equity markets]] for asset management firms who collectively manage US$12.5 trillion.<ref>[ |
'''Liquidnet''' is a global [[Institutional investor|institutional]] trading network that connects asset managers with liquidity. Liquidnet trades in 41 [[Stock market|equity markets]] for asset management firms who collectively manage US$12.5 trillion.<ref>[https://www.reuters.com/article/2011/10/14/idUS204813+14-Oct-2011+BW20111014 Liquidnet Continues to Dominate Block Trading Globally During Third Quarter | Reuters<!-- Bot generated title -->]</ref> |
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Liquidnet is headquartered in [[New York City]] and has offices in [[Boston]], [[San Francisco]], [[London]], [[Hong Kong]], [[Singapore]], [[Sydney]], [[Tokyo]], and [[Toronto]].<ref>[http://topnews.com.sg/content/215-liquidnet-opens-fourth-office-singapore Liquidnet opens fourth office in Singapore | TopNews Singapore<!-- Bot generated title -->]</ref> |
Liquidnet is headquartered in [[New York City]] and has offices in [[Boston]], [[San Francisco]], [[London]], [[Hong Kong]], [[Singapore]], [[Sydney]], [[Tokyo]], and [[Toronto]].<ref>[http://topnews.com.sg/content/215-liquidnet-opens-fourth-office-singapore Liquidnet opens fourth office in Singapore | TopNews Singapore<!-- Bot generated title -->]</ref> |
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[[SIX Swiss Exchange]] and Liquidnet launched a platform for non-displayed equity block trading in July 2011.<ref>[http://www.ft.com/intl/cms/s/0/3e7789a2-e849-11e0-ab03-00144feab49a.html#axzz1oGp8lSVp SIX exchange, Liquidnet report progress - FT.com<!-- Bot generated title -->]</ref> The platform allows SIX Swiss Exchange members and Liquidnet’s buy side members to execute large block trades.<ref>[http://www.wallstreetandtech.com/articles/231001209 Liquidnet And SIX Swiss Exchange Launch Platform For Non-Displayed Block Trading - Wall Street & Technology<!-- Bot generated title -->]</ref> |
[[SIX Swiss Exchange]] and Liquidnet launched a platform for non-displayed equity block trading in July 2011.<ref>[http://www.ft.com/intl/cms/s/0/3e7789a2-e849-11e0-ab03-00144feab49a.html#axzz1oGp8lSVp SIX exchange, Liquidnet report progress - FT.com<!-- Bot generated title -->]</ref> The platform allows SIX Swiss Exchange members and Liquidnet’s buy side members to execute large block trades.<ref>[http://www.wallstreetandtech.com/articles/231001209 Liquidnet And SIX Swiss Exchange Launch Platform For Non-Displayed Block Trading - Wall Street & Technology<!-- Bot generated title -->]</ref> |
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In January 2010, Liquidnet announced a strategic investment in OTR Global LLC, a [[primary research]] and [[brokerage firm]].<ref>[ |
In January 2010, Liquidnet announced a strategic investment in OTR Global LLC, a [[primary research]] and [[brokerage firm]].<ref>[https://www.reuters.com/article/2010/01/12/idUS142285+12-Jan-2010+BW20100112 Liquidnet Announces Strategic Investment in OTR Global]</ref> |
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==Patents== |
==Patents== |
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Revision as of 12:40, 1 July 2017
Liquidnet is a global institutional trading network that connects asset managers with liquidity. Liquidnet trades in 41 equity markets for asset management firms who collectively manage US$12.5 trillion.[1]
Liquidnet is headquartered in New York City and has offices in Boston, San Francisco, London, Hong Kong, Singapore, Sydney, Tokyo, and Toronto.[2]
History
Liquidnet was founded in April 2001 by Seth Merrin as a wholesale electronic marketplace where institutional investors could trade large blocks of stocks.[3]
Merrin estimated that the network needed at least 100 buy side firms live on Day One to create a critical mass. This number was revised to 75, but the company ultimately launched with only 38 institutions.[3]
Merrin describes his company as “creating marketplaces that enable institutions to trade in size with the efficiency that they sorely need.”[3] In the U.S., Liquidnet’s average execution size of 50,000 shares is 200 times the size of the 250-share average traded in all lit and dark venues. Liquidnet’s average execution in international equities is reportedly 100 times larger than the average.[3]
Liquidnet has an Equity Capital Markets and Issuer Services group which leverages its community of institutional investors to determine institutional demand for a stock.[4]
In October 2011 Liquidnet launched a private shares market.[5] As part of Liquidnet’s equity capital markets division, the Private Shares group works with institutional investors and companies looking to trade private shares.[6]
Partnerships
SIX Swiss Exchange and Liquidnet launched a platform for non-displayed equity block trading in July 2011.[7] The platform allows SIX Swiss Exchange members and Liquidnet’s buy side members to execute large block trades.[8]
In January 2010, Liquidnet announced a strategic investment in OTR Global LLC, a primary research and brokerage firm.[9]
Patents
In December 2011 the Patent and Trademark Office awarded Liquidnet two United States patents relating to its global trading network. Liquidnet currently holds five US patents.[10]
Key people
Founder and CEO, Seth Merrin
Chief Financial Officer, William Maw
External links
References
- ^ Liquidnet Continues to Dominate Block Trading Globally During Third Quarter | Reuters
- ^ Liquidnet opens fourth office in Singapore | TopNews Singapore
- ^ a b c d Seth Merrin: Imagining Wholesale Change - Advanced Trading
- ^ Liquidnet attracts corporate share buy backs - FT.com
- ^ Dark pool launches private share market - FT.com
- ^ Liquidnet Hires Lou Kerner, Enters Secondary Market for Private Shares - NYTimes.com
- ^ SIX exchange, Liquidnet report progress - FT.com
- ^ Liquidnet And SIX Swiss Exchange Launch Platform For Non-Displayed Block Trading - Wall Street & Technology
- ^ Liquidnet Announces Strategic Investment in OTR Global
- ^ Liquidnet awarded two trading patents