Liquidnet had set a new quarter record for principal traded in EMEA securities, with GBP13,380 million traded in Q2 2009.
The figures represent a 30% increase on the previous quarter and a 21% increase year-on-year, beating Liquidnets previous record, which was achieved in Q4 2007. The figure equates to an average daily principal traded of GBP 219.3 million.
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 industrys 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, says John Barker, managing director of Liquidnet Europe.
L.D.