Investment bank Lehman Brothers has announced the launch of direct electronic access to its LLX(tm) (Lehman Liquidity Cross) liquidity platform. The LLX(tm) platform will provide clients with new and alternative sources of liquidity, helping to facilitate their investment decisions while minimising market impact, says the firm.
Benoit Savoret, European head of equities at Lehman Brothers, says, “As our clients’ trading needs become increasingly complex, providing them with liquidity tailored to their unique needs becomes ever more important. The LLX(tm) platform will allow our clients to trade continuously and anonymously, thereby facilitating the execution of their investment decisions.”
The LLX(tm) platform and the associated suite of direct access algorithms complements Lehman Brothers’ broader offering of electronic trading tools and analytical services such as LMX(r), Direct to Capital(tm) and Portfolio WebBench(r). Lehman Brothers has an average European equity turnover in 2007 exceeding $8 billion per day.