Liquidnet, the global institutional marketplace for equities trading, today announced that it had set a new quarter record for principal traded in Emea securities, with £13,380m traded in Q2 2009.
The figures represent a 30% increase on the previous quarter and a 21% increase year-on-year, beating Liquidnet's previous record, which was achieved in Q4 2007. The figure equates to an average daily principal traded of £219.3m.
John Barker, Managing Director of Liquidnet Europe, said "We are delighted with these figures. They clearly show that European institutional investors have a healthy and increasing appetite for block sized execution and execution quality. We are the number one venue for the buy-side in both of these areas, with a unique model that delivers the industry's best overall trade cost performance. Ultimately, the ability to achieve best execution through Liquidnet benefits traders, portfolio performance, end investors, and is a positive sign for the industry as a whole."