Liquidnet: Difference between revisions
LNjmmahony (talk | contribs) Added Tags: Mobile edit Mobile web edit |
LNjmmahony (talk | contribs) →History: Added content Tags: canned edit summary Mobile edit Mobile web edit |
||
| Line 14: | Line 14: | ||
In October 2011 Liquidnet launched a [[Privately held company|private]] shares market.<ref>[http://www.ft.com/intl/cms/s/0/d1d1bf94-f8f5-11e0-a5f7-00144feab49a.html#axzz1l4sMgz85 Dark pool launches private share market - FT.com<!-- Bot generated title -->]</ref> As part of Liquidnet’s equity capital markets division, the Private Shares group works with institutional investors and companies looking to trade private shares.<ref>[https://dealbook.nytimes.com/2011/10/17/liquidnet-hires-lou-kerner-to-head-private-shares-platform Liquidnet Hires Lou Kerner, Enters Secondary Market for Private Shares - NYTimes.com<!-- Bot generated title -->]</ref> |
In October 2011 Liquidnet launched a [[Privately held company|private]] shares market.<ref>[http://www.ft.com/intl/cms/s/0/d1d1bf94-f8f5-11e0-a5f7-00144feab49a.html#axzz1l4sMgz85 Dark pool launches private share market - FT.com<!-- Bot generated title -->]</ref> As part of Liquidnet’s equity capital markets division, the Private Shares group works with institutional investors and companies looking to trade private shares.<ref>[https://dealbook.nytimes.com/2011/10/17/liquidnet-hires-lou-kerner-to-head-private-shares-platform Liquidnet Hires Lou Kerner, Enters Secondary Market for Private Shares - NYTimes.com<!-- Bot generated title -->]</ref> |
||
In 2017, Liquidnet acquired OTAS Technologies, a market-leading analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers. |
|||
==Partnerships== |
==Partnerships== |
||
Revision as of 06:55, 30 October 2017
Liquidnet is a global institutional dark pool trading network that connects asset managers with liquidity. Liquidnet trades in 45 equity markets for asset management firms who collectively manage US$15 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]
In 2017, Liquidnet acquired OTAS Technologies, a market-leading analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers.
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