Liquidnet, the premier institutional investment community that enables safe, secure and anonymous block trading of equities, announced that it has executed its single largest European trade since the company began operations in Europe in 2002.
"This is a striking validation of Liquidnet's unique value in the institutional equities marketplace," said John Barker, Head of International for Liquidnet. "Liquidnet is the safe haven for institutions that want to trade size and prevent information leakage and market impact. It is becoming increasingly difficult for money managers to protect their large orders against predatory trading and Liquidnet enhances the quality and price of large trades."
Two Liquidnet members traded shares of Schneider SA with principal totalling $178,313,308 on 24 November 2010. The previous record for a single trade of a European equity on Liquidnet was 10 December 2007, of $146,703,872 of Unilever. The average trade size for a European equity on Liquidnet in 2010 is principal of $1.39 million.