Liquidnet expands presence to serve growing customer base in Europe

abdelaziz Fathi

Liquidnet, an institutional trading and equities network, has installed specialists in equities and fixed income in Paris, Madrid, Frankfurt and Copenhagen.

The move is intended to boost its continental European coverage and offer a range of execution services including client coverage, sales trading and trading.

The new locations give Liquidnet new operational hubs within key cities in Europe which further improves client service to its existing customers with a strong local presence.

The strategic move also leverages the existing geographic infrastructure and expertise within the pan-European TP ICAP Group.

Liquidnet and other companies running trading venues such as multilateral-trading facilities established European bases ahead of the UK’s departure from the European Union.

John Ruskin, CEO of the Agency Execution division of TP ICAP Group said: “Leveraging the TP ICAP footprint means we have an amazing opportunity to enhance the Liquidnet offering in a very efficient and effective way. One of the reasons Liquidnet’s model works so well is because we are focused on co-creating and delivering solutions that address the challenges our Members face. To do that, we need to be where they are and that is exactly what we are doing.”

“We are a Member community. Enhancing our footprint in continental Europe enables us to grow this community, deepen the liquidity proposition for all Members and improve the service we provide,” added Chris Jackson, Global Head of Equity Strategy and Head of EMEA Equities.

More about Liquidnet..

Since launching in September 2015, Liquidnet’s community of fixed income asset managers has grown to 1,000 asset management and hedge fund clients, who collectively manage $33 trillion in equity and fixed income assets. This growth has been fueled by members’ ability to trade in institutional size with an average execution of $2.4 million.

Additionally, Liquidnet has been expanding its portfolio by buying more AI and alternative data offerings. The first step was the acquisition of OTAS Technologies in 2017, followed by RSRCHXchange and Prattle in 2019.

Recently, Liquidnet made headlines after TP ICAP, the world’s largest interdealer broker, acquired the private trading operator. The deal valued Liquidnet between $600 million and $700 million.

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