Liquidnet, the Global Institutional Marketplace, today announced that it is partnering with Nyse Euronext (NYX), the premier global exchange group to bring greater efficiencies and transparency to the interactions between institutional investors and corporate management.
The combination of Liquidnet's Global Institutional Marketplace and NYSE Euronext will provide the opportunity for unparalleled access to new and unique services for institutional investors and corporate issuers serviced by both organizations.
Liquidnet is launching a new corporate access business with the introduction of Liquidnet InfraRedTM. InfraRed is a proprietary desktop application accessed through NYSE's 'NYSEnet' system that aggregates institutional demand, news sentiment and block trading data. For the first time, IROs and CFOs will be enabled to take a proactive approach in their outreach to their targeted institutional investors. InfraRed is the first offering in a series of future initiatives that Liquidnet will introduce in building its new corporate access business.
"We have always looked for opportunities where technology can be used to greatly improve efficiencies for businesses in the investment sector," said Seth Merrin, CEO of Liquidnet Holdings. "The corporate access business, in its current state, is highly inefficient and a perfect example of how legacy practices often fail to serve the needs of issuers and investors alike. We set out to change that and we have created a new and innovative model that seamlessly connects issuers and investors. We believe that this new model will mitigate the inherent conflicts that often arise in servicing both the portfolio managers at our Member firms and NYSE Euronext's corporate issuers. The launch of this new business expands the benefits of the Liquidnet community which now includes portfolio managers, analysts and issuers," concluded Merrin.
Lawrence Leibowitz, Group Executive Vice President & Head of U.S. Execution & Global Technology, NYSE Euronext, added: "Liquidnet InfraRed offers a unique approach to corporate access and issuer services. This product complements the market intelligence provided by the NYSE Market Access Center with unparalleled insights on buy and sell trends, block volume including peer and industry views, and other valuable capabilities. NYSE Euronext is a natural partner given our strength within the issuer community, and we are looking forward to delivering this new offering to our customers and to adding Liquidnet InfraRed to our growing array of issuer services."
A registration statement relating to the Class A Common Stock of Liquidnet Holdings, Inc. has been filed with the SEC, but has not yet become effective. The Class A Common Stock of Liquidnet Holdings, Inc. may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.