Liquidnet, the global institutional marketplace for equities trading, today announced that it had set a new record for daily principal traded in European securities, trading £545.24mn on Tuesday 2 June 2009.
This beats Liquidnet Europe's previous record in principal traded which was achieved in December 2007.
"We're thrilled to have reached a new record in principal traded," said John Barker, Managing Director of Liquidnet Europe. "This new record clearly indicates that Liquidnet is Europe's number one choice for buy-side block liquidity, and is a further sign that volumes are returning to the broader market."
A recent study from Liquidnet revealed that the use of dark pools by the buy-side is set to grow significantly during 2009. "Europe's buy-side community continues to embrace efficient trading systems, and specifically Liquidnet's unique model," Barker added. "We provide buy-side firms with the ability to trade in 29 global equity markets, protecting the anonymity of trades, minimising their market impact, and helping the buy-side achieve best execution."