Global institutional trading network Liquidnet says that its global buy-side community of more than 800 asset managers can now trade Taiwan-listed securities directly and anonymously with one another through its platform.
Said Lee Porter, head of Liquidnet APAC: “For the past eight years, Liquidnet has been one of the best venues for accessing unique, institutional-sized liquidity in Asia-Pacific names. Our launch of Taiwan equities follows successful launches of trading in Thai, Indian and Philippines equities and further demonstrates our commitment to providing institutional investors with access to large-scale liquidity in the region.”
The Taiwan Stock Exchange (TWSE) lists over 800 companies with a combined market capitalisation of US$879 billion. Dominant sectors in this market include technology and industrials. The Taiwan Stock Exchange Weighted Index has climbed more than ten per cent over the past three years.
Liquidnet notes that it recently announced a record year of trading volumes for Asia Pacific in 2015, driven by continuing demand from institutional investors for large scale liquidity opportunities. The largest single trade in Asia-Pacific for Liquidnet in 2015 was more than US$61 million. The average size of a block on Liquidnet globally is more than 42,000 shares, or USD$1.6 million.