CANADIAN EQUITIES ARE MAJOR GLOBAL FOCUS
TORONTO, April 18 /CNW/ - Liquidnet Canada, the institutional equities
marketplace, today announced record quarterly (Q1) performance
"The Canadian institutional investor community needs a fair, orderly
block trading venue and Liquidnet Canada does just that. It provides
asset managers with access to a centralized pool of hundreds of
millions of shares of actionable block-sized liquidity from around the
world," commented Robert Young, CEO of Liquidnet Canada. "After
another record quarter, it is evident that Liquidnet has emerged as the
Canadian buy side's first choice for institutional investing."
The record trading in Canadian equities was driven mainly by Liquidnet
Members based outside of Canada, underscoring the importance of
Liquidnet's global community.
"Our members globally want access to Canadian liquidity and they are
using Liquidnet as their preferred access," added Young.
Liquidnet won multiple awards in the first quarter of 2011, including
being ranked the #1 broker worldwidei and in North America in trading performance in a survey conducted by
Ancerno Ltd, on behalf of Bloomberg News.
Quarterly trading highlights included:
Q1 2011 delivered the third consecutive quarterly record for Liquidnet
Canada with nearly 220 million shares traded in the quarter.
Monthly volume records were consistently broken throughout the first
quarter, culminating in a new monthly record of nearly 85 million
shares traded in March.
A new record for shares traded in a single day was set on March 10th, at over 15 million shares.
Liquidnet Canada led the industry with an average execution size of over
86,000 shares in the first quarter.
Liquidnet Europe also set a new quarterly record marking a 13%
year-over-year increase in principal tradedii jumping to US$22.9 billion, or roughly US$364.6 million in principal
Average daily liquidity was US$18.8 billion.
During the first quarter, principal traded for Liquidnet Asia reached a
record high, rising 32 percent year-over-year to US$4.95 billion.
The average size of a trade in the Asia-Pacific region on Liquidnet's
platform was more than US$1.4 million for the 1st quarter, which is around 118 times the average size of trades on the
Hong Kong Stock Exchange. iii
After launching equities trading in Indonesia in January 2011, an
average execution size of US$1.1 million was recorded, while Malaysia's
average execution size was US$1.0 million.
Liquidnet US saw a 19% quarter-over-quarter increase in average daily
volume, rising to an average 59 million shares per day.
There was greater institutional conviction in the quarter with Liquidnet
executing 22 million-share or greater prints in March and a total of 53
for Q1 2011, the most recorded at Liquidnet since Q1 2009.
Liquidnet is the institutional equities marketplace, bringing together
the world's largest asset managers and public companies on a single
network that directly connects traders, portfolio managers, analysts
and corporate issuers. Liquidnet enables its Members to achieve greater
performance by moving from investment idea to implementation faster,
ultimately retaining more alpha throughout the entire institutional
investment cycle. Launched in 2001, Liquidnet extends to 39 equity
markets across five continents. Liquidnet is headquartered in New York
with offices in Boston, London, San Francisco, Chicago, Toronto, Tokyo,
Hong Kong, Sydney and Singapore. For more information on Liquidnet, its
liquidity, block executions, and additional investment capabilities,
A registration statement relating to the Class A Common Stock of
Liquidnet Holdings, Inc. has been filed with the SEC, but has not yet
become effective. The Class A Common Stock of Liquidnet Holdings, Inc.
may not be sold nor may offers to buy be accepted prior to the time
that the registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an offer
to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
i According to the absolute ranking.
ii Growth rate based off of GBP.
iii Based on January/February 2011 data.
© 2011 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc.
is a member of FINRA/SIPC. Liquidnet Europe Limited is regulated by
the Financial Services Authority in the UK and by the Financial
Services Board in South Africa, and is a member of the London Stock
Exchange and a remote member of the Warsaw Stock Exchange. Liquidnet
Canada Inc. is a member of IIROC and a member of Canadian Investor
Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong
Securities and Futures Commission as a licensed dealer and a provider
of automated trading services pursuant to the Securities and Futures
Ordinance and is regulated by the Monetary Authority of Singapore as a
Recognized Market Operator. Liquidnet Japan Inc. is regulated by the
Financial Services Agency of Japan and is a member of JSDA/JIPF.
Liquidnet Australia Pty Ltd. is a licensed corporation under the
Corporations Act of Australia, AFSL number 312525
For further information: