Liquidnet, the institutional equities marketplace, today announced quarterly (Q1) performance highlights and monthly and year-to-date trading statistics for U.S. and international equities. "The global institutional investment community has always needed a safe, reliable means to execute large block orders on behalf of the investors they represent without impacting the market. Liquidnet provides asset managers from around the world with access to a centralized global liquidity pool that fulfills this fundamental need," commented John Barker, Head of International and Managing Director of Liquidnet Europe. "The records coming out of this quarter demonstrate that Liquidnet has broken down the barriers to global investing and is the platform of choice for an increasing number of institutional investors."
Liquidnet won multiple awards in the first quarter of 2011, including being ranked the #1 broker worldwideAccording to the absolute ranking. and in North America in trading performance in a survey conducted by Ancerno Ltd, on behalf of Bloomberg News.
Quarterly trading highlights included:
Europe
- Liquidnet Europe also set a new quarterly record marking a 13% year-over-year increase in principal traded jumping to £14.3bn billion, or roughly £227.5 million in principal traded daily.
- Average daily liquidity was £11.7bn billion.
Asia Pacific
- During the first quarter, principal traded for Liquidnet Asia reached a record high, rising 32 percent year-over-year to US$4.95 billion.
- The average size of a trade in the Asia-Pacific region on Liquidnet's platform was more than US$1.4 million for the 1st quarter, which is around 118 times the average size of trades on the Hong Kong Stock Exchange.Based on January/February 2011 data.
- After launching equities trading in Indonesia in January 2011, an average execution size of US$1.1 million was recorded, while Malaysia's average execution size was US$1.0 million.
Canada
- Q1 2011 delivered the third consecutive quarterly record for Liquidnet Canada with nearly 220 million shares traded in the quarter.
- Monthly volume records were consistently broken throughout the first quarter, culminating in a new monthly record of nearly 85 million shares traded in March.
- A new record for shares traded in a single day was set on March 10th, at over 15 million shares.
U.S. March Volume
Liquidnet US saw a 19% quarter-over-quarter increase in average daily volume, rising to an average 59 million shares per day. There was greater institutional conviction in the quarter with Liquidnet executing 22 million-share or greater prints in March and a total of 53 for Q1 2011, the most recorded at Liquidnet since Q1 2009.
|
Current Month[i] |
Year-to-Dateiii |
||||
March ‘11 |
March ‘10 |
Change |
March ‘11 |
March ‘10 |
Change |
|
Total U.S. trading volume (shares in thousands)[ii] |
1,119,457 |
1,112,974 |
1% |
3,663,268 |
3,418,930 |
7% |
Total U.S. trading days |
23 |
23 |
0 days |
62 |
61 |
1 day |
Average daily U.S. trading volume (shares in thousands) |
48,672 |
48,390 |
1% |
59,085 |
56,048 |
5% |
Average daily U.S. natural liquidity (shares in thousands) |
1,837,981 |
1,730,824 |
6% |
1,913,685 |
1,828,316 |
5% |
Average U.S. execution size in shares[iii] |
51,097 |
42,297 |
21% |
52,312 |
46,627 |
12% |
Total international principal traded ($USD in thousands) |
$10,395,186 |
$8,844,605 |
18% |
$32,583,156 |
$24,867,592 |
31% |
Total foreign exchange adjusted international principal traded ($USD in thousands)[iv] |
$9,754,215 |
$8,844,605 |
10% |
$31,659,629 |
$24,867,592 |
27% |
[i] Historical numbers may be subject to revision.
[ii] Consists of shares of U.S. equity securities executed in our negotiation and Liquidnet H2O® ATSs and third party execution venues.
[iii] Negotiation product.
[iv] Amounts adjusted to reflect foreign exchange rates for the same period from 2010.