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Liquidnet, the premier institutional investment community, today announced that it has set a new quarter record for volume traded in Canadian equities, with 118,667,757 shares traded in Q2 2010 (US$1.75bn principal traded).
The figures represent a 50% increase on the previous quarter, a 66% increase year-on-year, and equates to an average of 1,883,615 shares traded daily (US$27.8m principal traded) in Q2 2010.
Robert Young, Head of Liquidnet Canada, commented: "We’re excited to announce these figures for Canada, which demonstrate that there is a healthy appetite in Canada for block trading—particularly in light of a recent uptick in the number of Canadian firms that have signed with us."
"Undoubtedly, Liquidnet is the primary venue that the world’s asset managers turn to for block trading of Canadian equities," he added.
On the impact of last week’s G20, Robert further commented: "Despite the huge drop in market liquidity during the G20 in Toronto last week, Liquidnet’s volumes were solid and we were the only venue to delivery liquidity in size. Every day of the Summit week, Liquidnet was where the largest block of one or more portfolio stocks traded. We were still able to deliver the most liquidity and the largest trades of key stocks during a difficult time." he added.
John Barker, Head of International, Liquidnet, "Liquidnet aims to bring asset managers as much institutional-sized, actionable liquidity as possible, whilst providing a secure and efficient environment in which to trade. Our record quarter in Canada testifies to the importance of our platform for asset managers who need to trade in this way to protect investor returns."
Further commenting on Liquidnet’s growth internationally, John added: "The record quarter in Canada follows strong international expansion in recent months, which has seen us launch trading of Mexican, New Zealand, Polish, Lithuanian, and Estonian equities. We now offer trading in 36 markets worldwide and will continue to offer our growing member community access to new sources of liquidity across the world in the near future."
