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This is an old revision of this page, as edited by 216.131.32.163 (talk) at 23:05, 3 December 2018 (Changed the number of markets, added a new office location and updated history to include a 2014 acquisition). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Liquidnet
IndustryBrokerage
FoundedApril 2001; 23 years ago (2001-04)
FounderSeth Merrin
Headquarters
New York City
,
United States
Key people
  • Seth Merrin (Founder & CEO)
  • Mark Pumfrey (Head of EMEA)
  • Lee Porter (Head of APAC)
Websitewww.liquidnet.com

Liquidnet is a global institutional investment network that connects asset managers with liquidity. Liquidnet trades in 46 equity markets for asset management 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 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 January 2010, Liquidnet announced a strategic investment in OTR Global LLC, a securities research and brokerage firm.[5]

In October 2011 Liquidnet launched a private shares market.[6] As part of Liquidnet’s equity capital markets division, the Private Shares group works with institutional investors and companies looking to trade private shares.[7]

In July 2011 SIX Swiss Exchange and Liquidnet launched a platform for non-displayed equity block trading.[8] The platform allows SIX Swiss Exchange members and Liquidnet’s buy side members to execute large block trades.[9]

In 2014, Liquidnet acquired bond trading platform Vega-Chi, a world leader in electronic trading facilities dedicated to high yield bonds and convertible bonds.

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.

External links

References

  1. ^ Liquidnet Continues to Dominate Block Trading Globally During Third Quarter | Reuters
  2. ^ Liquidnet opens fourth office in Singapore | TopNews Singapore Archived 2012-07-24 at archive.today
  3. ^ a b c d Seth Merrin: Imagining Wholesale Change - Advanced Trading
  4. ^ Liquidnet attracts corporate share buy backs - FT.com
  5. ^ Liquidnet Announces Strategic Investment in OTR Global
  6. ^ Dark pool launches private share market - FT.com
  7. ^ Liquidnet Hires Lou Kerner, Enters Secondary Market for Private Shares - NYTimes.com
  8. ^ SIX exchange, Liquidnet report progress - FT.com
  9. ^ Liquidnet And SIX Swiss Exchange Launch Platform For Non-Displayed Block Trading - Wall Street & Technology
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