Liquidnet has announced that it had set a new in-house record for daily principal traded in European securities, trading GBP545.24 million on Tuesday 2 June 2009. This beats Liquidnet Europes previous record in principal traded that was achieved in December 2007.
Were thrilled to have reached a new record in principal traded, said John Barker, Managing Director of Liquidnet Europe. This new record clearly indicates that Liquidnet is Europe’s number one choice for buy-side block liquidity, and is a further sign that volumes are returning to the broader market.
A recent study from Liquidnet revealed that the use of dark pools by the buy-side is set to grow significantly during 2009. According to an Equity Market Share Report by Thomson Reuters published in March 2009, Liquidnet had the highest market share of any independent dark pool, trading just over EUR1.1 billion.
The report can be found here.