Liquidnet has set a quarterly record for principal traded in Asia-Pacific equities, the buy-side crossing network announced this week.
The 180-member network traded US$3.75bn in Australian, Japanese, Singaporean, South Korean and Hong Kong equities in Q1. This included a daily record of US$257m traded on 28 January. Regional quarterly trading represents a 135% year-on-year increase – compared with 34% in Europe and 61% in Canada.
Head of international John Barker said Liquidnet’s Asian performance came with growth both in the network’s membership and the number of markets it offers access to. “The records set in Asia serve to demonstrate that Liquidnet’s unique model can succeed in diverse markets all around the world,” he said.
Liquidnet now offers trading in 32 markets plus London- and Luxembourg-listed global depository receipts (GDRs) and expects to offer trading in new markets before the year’s end, subject to applicable regulatory requirements. The network launched its Asia-Pacific operations in November 2007.