Liquidnet reports record turnover

Global institutional trading network Liquidnet has reported record global performance in its EMEA, APAC and Canada regions while also posting strong results in the US.

The first quarter of 2016 represented a record quarter for Liquidnet EMEA in overall principal traded as well as algorithm trading, which was up 380 percent year-over-year. In total, Liquidnet’s buy-side Members traded US$39.6 billion in European equities, surpassing the previous best quarter (Q4 2015) by 6.2 percent. These quarterly results reflect 23 percent growth compared to the same quarter last year, the firm says.

“We continue to see consistent growth in total principal traded in European equities, which is in stark contrast to the overall market decline in Q1,” said Mark Pumfrey, Head of Liquidnet EMEA. “As institutions gear up for MiFID II where best execution is paramount and natural block liquidity becomes even more valuable, we expect to see further growth in our core business, Next Gen Algos and Fixed Income offering.”