Network In Canada Grows With Institutional Investors Seeking Global
TORONTO, Jan. 31, 2012 /CNW/ - Liquidnet Canada, the global
institutional trading network, today announced record growth and
performance highlights for 2011. The record trading in Canadian
equities was also driven by the addition of new asset management firms
in Canada seeking global liquidity and results.
"Despite the economic challenges and high volatility in the global
markets last year, our record performance confirms that institutional
investors see Liquidnet as the preferred network to execute large
trades and get the best returns for their clients," said Robert Young,
CEO of Liquidnet Canada. "We bring new sources of actionable liquidity
directly to them in a safe and trusted environment which is ever so
important given today's economic uncertainty."
Year over Year trading highlights included:
Liquidnet Canada volume soared 60 per cent in year over year volume
Canadian-based asset managers trading through the Liquidnet network
increased 45% from 2010 to 29 firms.
Average execution size was 150 times more than the TSX and 190 times
larger on average than other off-exchange trading venues in Canada
Average daily liquidity increased over 49% to 404mm shares per
Liquidnet continues to lead the industry with an overall average
execution size of 48,422 shares in the US, a 3% increase from 2010.
62% of the time when Liquidnet traded a stock in 2011 it was either the
1st or 2nd largest print of the day in that stock. For small cap stocks this
percentage rose to over 80%.
On average in 2011, when Liquidnet traded a stock, it represented 39% of
the day's market block volume in that stock. For small cap stocks that
percentage rose to 57%.
In 2011, Liquidnet also saw a 31% year-over-year increase in volume
executed through our trading desk.
Asia-Pacific has connected 200 of the leading asset management firms in
the region to Liquidnet's network.
The average execution size in 2011 was US$1.2 million, up approximately
11% from 2010. That is over 116 times the average execution size on the
Hong Kong Stock Exchange over the same period.
Average daily liquidity increased over 19% year-over-year to more than
Continued to maintain block dominance in 2011 with an average execution
size of $879,845 - the largest of any other trading venue in the
In an ongoing effort to bring additional liquidity to institutional
investors, Liquidnet and the SIX Swiss Exchange launched the ground
breaking trading platform for non-displayed equity block trading. The
unique platform allows SIX Swiss Exchange members and buy side market
participants to execute large block trades efficiently in Swiss and
global equities through Liquidnet's exclusive global liquidity
Liquidnet is the global institutional trading network that connects
equity investors with the liquidity they need- in size, at any time,
from anywhere. We go beyond what the retail market can provide by
defending and securing the integrity and the anonymity of the
block trade. We do this while continuously looking for ways to bring in
new sources of safe, actionable liquidity from asset management firms,
exchanges, brokers and corporations. Since we launched in 2001, our
ability to anticipate and meet institutional demand has allowed us to
extend trading to 39 equity markets across five continents for
asset management firms who collectively manage US$12.4 trillion. For
more information on the Liquidnet community, its liquidity, block
executions, and additional investment capabilities, visit www.liquidnet.com
© 2012 Liquidnet Canada Inc. Member of IIROC and a member of Canadian
Investor Protection Fund.
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