Published On: Fri, Apr 23rd, 2010

Liquidnet Asia Wins Dark Pool of the Year Award

• Liquidnet Asia maintained minimum information leakage, growing a quality member base.

• Rigorous selection process chaired by David Eldon, Chairman, Board of
Directors, Dubai International Financial Centre Authority and former Chairman of
HSBC Asia Pacific.

• International jury uses comprehensive selection criteria.

the Asian Banker Achievement awards for Markets and Exchanges were announced April 19 in a ceremony in Singapore. An exclusive audience of top industry leaders from around the world witnessed the award ceremony for 52 of the top professionals and organisations in the financial industry and markets & exchanges industry in the Asia Pacific region.

This is the highest award programme of its kind for individual and institutional achievement in the financial industry and markets and exchanges industry in the Asia Pacific region today.

“The achievement awards programme for market and exchanges takes the idea of business excellence in financial markets and exchanges very seriously. Here we look at various aspects of these companies, including profitability, innovativeness, client support, new product development, and assess their performance relative to peers in the entire Asia Pacific region.” says Yi Yuandong, Research Managing of The Asian Banker. “The winners of this year’s award have truly outperformed their peers in the region whom we have studied; their institutions and customers have benefited as a result.”

An audience of top industry leaders from around the world witnessed the awards ceremony for 18 of the top chairmen, CEOs and industry leaders. Among the honoured guests were Neel Kashkari, former Assistant Secretary, US Treasury and head of the TARP Programme, Ronald Arculli, Chairman, Hong Kong Exchanges and Clearing, David Conner, Vice Chairman and CEO, OCBC, Han Mingzhi, Director General, China Banking Regulatory Commission, China, David Eldon, Chairman, Dubai International Financial Centre and Chairman, The Asian Banker Summit Advisory Council, Cesar Virata, Vice Chairman, RCBC Bank, the Philippines, and Banthoon Lamsam, Chairman and CEO, Kasikornbank, Thailand.

The award ceremony was held in conjunction with The Asian Banker Summit, the largest gathering of financial services industry professionals in the Asia-Pacific region. The Summit is held annually in different Asian cities, and this year’s was held in Singapore with the full support of the Monetary Authority of Singapore and the Association of Banks of Singapore.

Among the key speakers at the event are Neel Kashkari, Ásgeir Jónsson, Chief Economist, Arion Bank and author of the book Why Iceland?, Heng Swee Keat, Managing Director, Monetary Authority of Singapore, David Eldon, former Chairman of The Hongkong and Shanghai Bank and currently the Senior Advisor of PricewaterhouseCoopers, and Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB, and Chairman of The Association of Banks in Singapore.

• Liquidnet Asia maintained minimum information leakage, growing a quality member base.

Liquidnet launched its Asia Pacific office three years ago and has grown rapidly since then, now serving five markets in the region. What is unique to Liquidnet is that it has grown a quality member base, by restricting access to buy-side investors only and preserving the integrity of its liquidity pool.

Liquidnet connects buy-side traders to buy-side traders directly. And it makes sure that only legitimate orders that have been through a proper compliance process are read by Liquidnet, which helps exclude fictitious orders.

Furthermore, despite the ongoing market volatility, Liquidnet has seen significant growth in the region. The company has more than 150 members signed to trade on its platform, 20% more than one year ago.

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