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Liquidnet and TP Icap combine to solve liquidity challenges in hard-to-trade names

Source: Liquidnet

Liquidnet, a leading technology-driven agency execution specialist, today announced its collaboration with TP ICAP Midcap, a brokerage firm and specialized investment bank in European Small and Mid-Caps (SMEs) supporting entrepreneurs in their development and financing strategy as well as institutional investors.

Through the combination of their deep expertise, established client networks and state-of-the-art technology, the two businesses aim to increase block liquidity opportunities in European SMEs.

Chris Jackson, Global Head of Equity Strategy and Head of EMEA Equities at Liquidnet said: “Finding block liquidity in small and mid-cap names remains a challenge for most asset managers. It’s a challenge that often goes beyond simply matching sedol codes in a venue. Our unique global liquidity network combined with our suite of innovative liquidity discovery offerings position us well to help our Members address this. I look forward to combining these capabilities with TP ICAP Midcap’s specialist knowledge and liquidity to further reduce the cost of trading for our Members.”

Charles-Henri Berbain, Managing Director at TP ICAP Midcap commented: “The lack of research limits investment in SMEs but for many asset managers it is first of all the lack of secondary market liquidity that is the real problem. There is a need to improve secondary market liquidity as a means of boosting investment in SMEs. We have been specializing in Small and Mid-Caps for nearly a decade and I’m truly excited to collaborate with the Liquidnet team to address this challenge.”

This collaboration aligns with Liquidnet’s commitment to solve difficult liquidity and execution challenges for its Members and builds on the acquisition of Liquidnet by TP ICAP, once again exemplifying their complementary nature and the benefits they can provide to their client base.

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