Liquidnet announced today that JPMorgan has joined its prominent and growing list of Streaming Liquidity Partners (SLPs) that will access the depth of liquidity and price improvement provided by Liquidnet H2O.
"We are extremely pleased to have JPMorgan join our pool of Streaming Liquidity Partners. Liquidnet, together with all of our partners, are working together to build the next generation of the institutional marketplace. This is the next evolution in more efficient and less costly institutional trading and we're happy to have JPMorgan be a part of it," said Seth Merrin, CEO of Liquidnet. "With over 500 million shares of streaming liquidity already flowing into Liquidnet per day, our Members can trade larger size with less market impact and with the anonymity that they require."
"Liquidnet H2O provides access to a new and innovative source of liquidity for institutional traders," said Carl Carrie, Head of Product Development in Electronic Execution Services at JPMorgan. "We are excited to add them to our arsenal of algorithmic destinations."