20 October 2017
Register now

Liquidnet launches Canadian equity trading

31 October 2006  |  1470 views  |  0 Source: Liquidnet

Liquidnet, the #1 electronic marketplace for institutional-only block trading, announced today its launch of Canadian equity trading, which commenced on October 24.

Canadian buy-side institutions joined with Liquidnet's global Membership of nearly 400 firms to form a new global institutional marketplace for Canadian equity trading.

"The block-dominated nature of the Canadian marketplace is particularly well suited for the Liquidnet model of peer-to-peer large-block trading," said Robert Young, Managing Director of Liquidnet Canada Inc. "During Members' first four days of trading, the average execution size was more than 80,000 shares, and the highest volume on any one day was more than 2 million shares. Our early success marks the formation of a new marketplace for Canadian equities that is built exclusively for the needs of the buy-side trader."

"Liquidnet's launch of Canadian equity trading has changed the way Canadian equities are traded on a global scale," said Seth Merrin, CEO of Liquidnet. "Nearly half of all equity stock in Canadian-based public companies is held by asset managers based outside of Canada. Many of these firms are already Liquidnet Members. It was remarkable to see them connect and trade Canadian equities in Liquidnet."

Including Canada, Liquidnet supports trading in 17 equity markets globally and has nearly 400 live Member firms who collectively manage more than $12 trillion (CAN) in equity assets under management. Since launching Canadian equity trading, Liquidnet's exclusive liquidity pool of Canadian equities averaged 108 million available shares per day.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.capgemini.com Register now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16066 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8282 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7841 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7276 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6624 views comments | 10 tweets | 21 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job