Liquidnet, the global institutional trading network, announced today that its global buy-side community of more than 800 asset managers can now trade Taiwan-listed securities directly and anonymously with one another through its platform.
The addition of the Taiwanese market continues Liquidnet’s expansion in Asia-Pacific and represents its 12th market in the region and 44th equity market worldwide.
The Taiwan Stock Exchange (TWSE) lists over 800 companies with a combined market capitalization of US$879 billion1. Dominant sectors in this market include technology and industrials. The Taiwan Stock Exchange Weighted Index (TWSE:IND) has climbed more than ten per cent over the past three years.
“For the past eight years, Liquidnet has been one of the best venues for accessing unique, institutional-sized liquidity in Asia-Pacific names. Our launch of Taiwan equities follows Liquidnet’s successful launches of trading in Thai, Indian and Philippines equities and further demonstrates our commitment to providing institutional investors with access to large scale liquidity in the region,” said Lee Porter, Head of Liquidnet APAC.
Liquidnet recently announced a record year of trading volumes for Asia Pacific in 2015, driven by continuing demand from institutional investors for large scale liquidity opportunities. The largest single trade in Asia-Pacific for Liquidnet in 2015 was more than US$61 million. The average size of a block on Liquidnet globally is more than 42,000 shares, or USD$1.6 million.