Liquidnet Australia Sets New Record With Over AU$1 Billion Traded
“Our recent success has coincided with the introduction of market competition in Australia which has highlighted the need to trade in size safely, without information leakage and without anyone taking advantage of our Member’s order size. Performance today is all about execution,” commented James Chatfield, Head of Liquidnet Australia.
Liquidnet also continues to be the preferred choice for investors executing large block trades in Australia. Liquidnet’s average trade size of AU $1,573,916 for May 2012 was 224 times the ASX average of AU $7007 over the same period. Today, Liquidnet Australia’s network includes 48 domestic asset management firms that are live and trading on the system.