Liquidnet: Difference between revisions
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In July 2011 [[SIX Swiss Exchange]] and Liquidnet launched a platform for non-displayed equity block trading.<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> |
In July 2011 [[SIX Swiss Exchange]] and Liquidnet launched a platform for non-displayed equity block trading.<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 March 2014, Liquidnet acquired bond trading platform Vega-Chi, |
In March 2014, Liquidnet acquired bond trading platform Vega-Chi, with trading facilities for high yield bonds and convertible bonds. |
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In May 2017, Liquidnet acquired OTAS Technologies, a market-leading analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers. |
In May 2017, Liquidnet acquired OTAS Technologies, a market-leading analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers. |
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Revision as of 11:18, 10 October 2020
| Industry | Brokerage |
|---|---|
| Founded | April 2001 |
| Founder | Seth Merrin |
| Headquarters | , |
Key people |
|
| Website | www |
Liquidnet is a global institutional investment network that connects asset managers with liquidity. Liquidnet trades in 46 equity markets for over 1000 institutional investment firms who collectively manage US$33 trillion in equity and fixed income assets.[1]
Liquidnet is headquartered in New York City and has offices in Boston, Dublin, London, San Francisco, 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 anonymously 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] In 2002, Liquidnet Europe launched with nine member firms, with Liquidnet Asia launching with 26 member firms in 2007, bringing its global reach to 28 markets.[4]
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.[5]
In January 2010, Liquidnet announced a strategic investment in OTR Global LLC, a securities research and brokerage firm.[6]
In October 2011 Liquidnet launched a private shares market.[7] As part of Liquidnet’s equity capital markets division, the Private Shares group works with institutional investors and companies looking to trade private shares.[8]
In July 2011 SIX Swiss Exchange and Liquidnet launched a platform for non-displayed equity block trading.[9] The platform allows SIX Swiss Exchange members and Liquidnet’s buy side members to execute large block trades.[10]
In March 2014, Liquidnet acquired bond trading platform Vega-Chi, with trading facilities for high yield bonds and convertible bonds.
In May 2017, Liquidnet acquired OTAS Technologies, a market-leading analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers.
In May 2019, Liquidnet acquired RSRCHXchange, a marketplace and aggregator for institutional research to help embed a new level of research and analytics into the investment process.[11]
In June 2019, Liquidnet acquired Prattle, a provider of automated investment research solutions for portfolio managers, research analysts, and other financial professionals.[12]
In February 2020, founder Seth Merrin stepped down as CEO of Liquidnet. Company President Brian Conroy has been selected as his successor.
External links
References
- ^ Liquidnet Continues to Dominate Block Trading Globally During Third Quarter | Reuters
- ^ Liquidnet opens fourth office in Singapore | TopNews Singapore Archived 2012-07-24 at archive.today
- ^ a b c d Seth Merrin: Imagining Wholesale Change - Advanced Trading
- ^ Liquidnet. Liquidnet https://www.liquidnet.com/journey.
{{cite web}}: Missing or empty|title=(help) - ^ Liquidnet attracts corporate share buy backs - FT.com
- ^ Liquidnet Announces Strategic Investment in OTR Global
- ^ 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 expands into research with RSRCHXchange purchase". Financial Times. Financial Times.
- ^ "Liquidnet expands further into AI with purchase of Prattle". Financial News. Financial News.