Liquidnet Europe Achieves Unparalelled First Half in 2005
29.07.2005 / 15:02 / Rubriek: Informatief / Organisatie: Liquidnet
Liquidnet
Liquidnet Europe Achieves Unparalelled First Half in 2005
LONDON, July 29/PRNewswire/ --
- Principal Traded for First Two Quarters Increases 111 Percent Over Same Period in
2004
Liquidnet Europe, Europe's foremost electronic marketplace for block trading,
announced its results for the second quarter today. The company traded more than 1.5
billion pounds Sterling in principal during the second quarter, and a record 3.2 billion
pounds for the first half of the year. This represents an increase of 111 percent over
the same period in 2004. The average bargain value per trade for the first half of 2005
was 669,729 pounds, which represents a 15.7 percent increase over the first half of 2004.
The number of executions in the second quarter climbed 11 percent from the first quarter
of 2005 and 111 percent from the second quarter in 2004. Liquidnet Europe also launched
two new European equity markets -- Austria and Italy -- this quarter, bringing the total
amount of European instrument types traded to twelve.
'The first half of 2005 has been tremendous in terms of growth and principal traded
for Liquidnet Europe,' said John Barker, Managing Director of Liquidnet Europe. 'Members
are joining our community at a rapid pace and trading more in the system. We are
confident that this sustained growth is the effect of our Members realizing that we are
the only institutional marketplace in Europe where Members can get size done while
maintaining anonymity and without moving the market.'
Liquidnet Europe's Member community continues to expand each quarter and now
represents euro 2.73 trillion in collective assets under management. The total number of
live Member firms trading U.K. and European equities reached
89 at the end of the second quarter.
Liquidnet U.S. Information
Liquidnet achieved its ninth consecutive quarter of consistent growth, boosting its
average daily volume (U.S. equities) to 28.9 million shares in the second quarter. This
represents a five percent increase over the last quarter and a 46 percent increase from
the second quarter a year ago.
Liquidnet executed 1.85 billion shares in the second quarter of 2005, an increase of
ten percent over the previous quarter and more than 50 percent over the same quarter last
year. For the first time since its launch in April 2001, Liquidnet broke the
'40-million-share-day' threshold numerous times.
About Liquidnet
Liquidnet is the number 1 electronic marketplace for block trading. Liquidnet allows
money management institutions to trade large blocks of equities directly and anonymously
with significant price improvement and little to no market impact. The Liquidnet system
was designed to bring liquidity to the trader, reversing the current paradigm of
searching for liquidity.
Liquidnet, Inc. is a registered U.S. broker/dealer, headquartered in New York City and
a member of NASD/SIPC. Headquartered in London, Liquidnet Europe Limited is regulated by
the U.K. Financial Services Authority and is a member of the London Stock Exchange.
Liquidnet Canada Inc. is regulated by the Ontario Securities Commission and is a member
of IDA/CIPF. Additional company and product information is available online at
www.liquidnet.com.
Web site: www.liquidnet.com
Source: Liquidnet, Inc.
Lauren Sambrotto, Corporate Communications Manager of Liquidnet, Inc., +1-646-674-2133,
lsambrotto@liquidnet.com