Source: Liquidnet Canada
Liquidnet Canada Inc. announced that it has been approved by the British Columbia Securities Association to conduct business as an investment dealer and Alternative Trading System in British Columbia.
Liquidnet launched its Canadian operations in Ontario on July 27, 2004, where Liquidnet Canada Inc. is an approved investment dealer and ATS. Liquidnet Canada Inc. was also approved as a securities dealer and ATS in Quebec on June 30, 2005.
"Effective today, investors in BC-based pension plans, mutual funds and similar vehicles can benefit from improved net returns, as their money managers begin to use Liquidnet," said Robert Young, Managing Director of Liquidnet Canada Inc. "Through Liquidnet's seamless trading platform, Members have direct access to 13 global markets through one electronic source, which makes it easier and cheaper to trade international securities."
Founded in the United States in 2001, Liquidnet was built to solve the inefficiencies that currently affect the institutional trading industry. By providing an electronic marketplace where money management institutions can trade large blocks of equities directly and anonymously, Liquidnet offers its Member firms significant price improvement with little to no market impact. Today, Liquidnet's Member community is made up of more than 300 global buy-side firms that collectively represent $8.4 trillion in equity assets under management.