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Liquidnet, the premier institutional investment that enables secure and anonymous block trading of equities, announced that the company’s total trading volume in Asia Pacific for 2010 has surpassed last year’s total of US$10.2 billion. As of November 1, 2010, total volume of trading in Asia Pacific was US$11.31 billion.
“This is a significant achievement for Liquidnet in Asia Pacific, in spite of the very challenging trading conditions in the summer months, as we have broken through last year’s volumes with almost two months of trading still remaining in the year,” said Lee Porter, Head of Liquidnet Asia Pacific.
The average size of a trade in Liquidnet in Asia Pacific was more than US$1.3 million for the month of October. The daily average liquidity in Liquidnet’s natural pool in Asia Pacific was approximately US$8 billion for the same period.
“The record numbers for Liquidnet also highlight how the buy side has embraced alternative trading platforms in the region as a valuable source of liquidity,” added Lee Porter. “We continue to view Asia Pacific as an area of tremendous opportunity and potential growth.”
Liquidnet launched its Asian operations on 29 November, 2007, in Hong Kong, Singapore, Korea and Japan. Trading in Australian equities commenced on 20 February, 2008 and New Zealand equities were launched in June 2010. Globally, Liquidnet provides access to 37 equity markets around the world as well as London and Luxembourg listed GDRs. Volume traded in Liquidnet totalled over 15 billion shares (US$228.7 billion principal) during the first half of 2010. Liquidnet averages approximately 1.8 billion shares a day of buy-side liquidity in our U.S. natural pool and 8.3 billion shares globally.
