Liquidnet, an equity block trading venue that covers 37 markets, has reported record growth in Asia-Pacific this year, already surpassing the annual total traded in 2009.
As of 1 November, Liquidnet had traded US$11.31 billion in Asia-Pacific, according to its own figures, up from the US$10.2 billion traded during the whole of 2009. By comparison, Liquidnet's global turnover for the first half of 2010 across all the markets it covers was US$228.7 billion.
In October, Liquidnet's average trade size in Asia-Pacific was US$1.3 million with daily average liquidity available, approximately US$58 billion.
“This is a significant achievement for Liquidnet in Asia-Pacific, in spite of the very challenging trading conditions in the summer months, as we have broken through last year's volumes with almost two months of trading still remaining in the year,” said Lee Porter, head of Liquidnet Asia-Pacific. “The record numbers for Liquidnet also highlight how the buy-side has embraced alternative trading platforms in the region as a valuable source of liquidity.”
Liquidnet launched its Asian operations on 29 November 2007, offering trading in Hong Kong, Singaporean, Korean and Japanese stocks. Trading in Australian equities commenced on 20 February 2008 and New Zealand equities were made available in June 2010.