Source: Liquidnet
Two of the country's leading institutional equity brokerage firms have joined Liquidnet's prominent and growing list of Streaming Liquidity Partners (SLP), Liquidnet announced today.
Through this partnership, order flow from both UBS and Sanford Bernstein will now be able to interact with Liquidnet's institutional liquidity via Liquidnet H2O.
"With more than one billion shares a day of order flow, Liquidnet H2O is one of the fastest-growing liquidity pools in the industry," said Seth Merrin, Liquidnet CEO. "We are extremely pleased that Sanford Bernstein and UBS are joining our efforts to bring together the entire institutional equities market in a single venue."
"Our goal is to provide the maximum level of liquidity and quality execution for clients," said Will Sterling, Head of Electronic Trading at UBS. "The partnership with Liquidnet will allow us to give clients increased capacity to interact with multiple and diverse liquidity venues. We are excited to add H2O as a complement to our own natural liquidity."
David Liles, Global Head of Electronic Trading, Sanford Bernstein added: "We are pleased to be able to provide our clients with access to a significant pool of liquidity provided by the Liquidnet user community. This further enhances the strength of Bernstein's agency-only algorithmic offering."