Published On: Sun, Jun 16th, 2013

Liquidnet Sees Record Growth and Membership Enagement in Asia

Lee Porter, Head of Asia Pacific, Liquidnet

Lee Porter, Head of Asia Pacific, Liquidnet

Liquidnet, the global institutional trading network, reported a series of Asia Pacific trading records in May, including a record month of principal traded and the highest volume traded in a single day, since launching in the region five years ago, as the equity market rally drew increased participation from buyside members.

The company, which operates in 10 markets across Asia Pacific, recorded US$2.16 billion in principal traded for May while also seeing US$287 million traded across a single day. Additional trading records set last month include:
• Highest volume traded across a single week with US$721 million in principal traded;
• Largest volume traded in Hong Kong equities on a single day, totaling US$193 million;
• Largest print in Indonesia, since launching the market in January 2011, exceeding US$20million; and
• Largest print in New Zealand equities, totaling approximately US$9 million.

“As we continue to add new asset managers onto our trading network and grow our liquidity pool, our Members continue to see how executing in Liquidnet helps drive their performance and achieve best execution for their large-scale trades,” says Lee Porter, Head of Liquidnet Asia. “There is also a resurgence in equity markets which has contributed to the growth we are seeing. Our growing reach in the region, and rising liquidity pool, creates additional opportunities for our members to execute trades in often illiquid markets.”

Liquidnet launched the trading of Thailand equities on April 30 marking the company’s 42nd market globally as it focuses on expansion into high growth markets in the region. The company also saw record results for Asia in Q1 2013 with principal traded rising 20% to US$5 billion, as compared to the previous quarter.

“We are definitely seeing higher conviction from our members and expect ongoing growth in our liquidity pool as the buyside seek to enter and exit positions across emerging markets, including those in Asia Pacific,” Porter adds.

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