Liquidnet, the global institutional marketplace, today announced that 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 leading 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 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,” said Seth Merrin, CEO of Liquidnet. “We deliver this functionality with best-in-the-world execution that settles trades efficiently and reliably, thereby reducing counterparty risk.”
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 survey developed by Z/Yen and participating brokers is conducted yearly in Europe, Asia and United States.
A registration statement relating to the Class A Common Stock of Liquidnet Holdings, Inc. has been filed with the SEC but has not yet become effective. The Class A Common Stock of Liquidnet Holdings, Inc. may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
