LIQUIDNET CANADA BREAKING DOWN THE BARRIERS TO EFFICIENT GLOBAL TRADING
CANADIAN EQUITIES ARE MAJOR GLOBAL FOCUS
TORONTO - Liquidnet Canada, the institutional equities marketplace, announced record quarterly (Q1) performance highlights.
"The Canadian institutional investor community needs a fair, orderly block trading venue and Liquidnet Canada does just that. It provides asset managers with access to a centralized pool of hundreds of millions of shares of actionable block-sized liquidity from around the world," commented Robert Young, CEO of Liquidnet Canada. "After another record quarter, it is evident that Liquidnet has emerged as the Canadian buy side's first choice for institutional investing."
The record trading in Canadian equities was driven mainly by Liquidnet Members based outside of Canada, underscoring the importance of Liquidnet's global community.
"Our members globally want access to Canadian liquidity and they are using Liquidnet as their preferred access," added Young.
Liquidnet won multiple awards in the first quarter of 2011, including being ranked the #1 broker worldwidei and in North America in trading performance in a survey conducted by Ancerno Ltd, on behalf of Bloomberg News.
Quarterly trading highlights included:
* Q1 2011 delivered the third consecutive quarterly record for Liquidnet Canada with nearly 220 million shares traded in the quarter.
* Monthly volume records were consistently broken throughout the first quarter, culminating in a new monthly record of nearly 85 million shares traded in March.
* A new record for shares traded in a single day was set on March 10th, at over 15 million shares.
* Liquidnet Canada led the industry with an average execution size of over 86,000 shares in the first quarter.
* Liquidnet Europe also set a new quarterly record marking a 13% year-over-year increase in principal tradedii jumping to US$22.9 billion, or roughly US$364.6 million in principal traded daily.
* Average daily liquidity was US$18.8 billion.
* During the first quarter, principal traded for Liquidnet Asia reached a record high, rising 32 percent year-over-year to US$4.95 billion.
* The average size of a trade in the Asia-Pacific region on Liquidnet's platform was more than US$1.4 million for the 1st quarter, which is around 118 times the average size of trades on the Hong Kong Stock Exchange. iii
* After launching equities trading in Indonesia in January 2011, an average execution size of US$1.1 million was recorded, while Malaysia's average execution size was US$1.0 million.
* Liquidnet US saw a 19% quarter-over-quarter increase in average daily volume, rising to an average 59 million shares per day.
* There was greater institutional conviction in the quarter with Liquidnet executing 22 million-share or greater prints in March and a total of 53 for Q1 2011, the most recorded at Liquidnet since Q1 2009.