Z/Yen’s 2008 survey of Operational Performance of Brokers ranked Liquidnet, Inc. and Liquidnet Europe Limited best in clearing and settlement as chosen by investment managers and hedge funds.
In Europe, Liquidnet was named best broker for core processing of European securities for the third year in a row. In the United States, Liquidnet was selected best broker for equities operations and most improved broker.
The survey recognizes operational excellence and dedication to exceeding client expectations through superior product and services. The results were based on interviews with 61 European and 44 US based buy side investors using a structured questionnaire.
All large brokers were rated on various metrics of operational performance including accuracy and timing of trade confirmations, settlement rate, exception/fail management and client service.
“The value of the institutional marketplace is the ability to allow the buy side to safely trade the size they want, when they want and within the price range they want,” says Seth Merrin, CEO, Liquidnet. “We deliver this functionality with best-in-the-world execution that settles trades efficiently and reliably, thereby reducing counterparty risk.”
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