Buy-side focused block trading platform Liquidnet has reported sharp increases in both US and European trading volumes for the start of 2012.
In the US, Liquidnet traded a daily average of 1.2 billion shares in January, representing an 80% month-on-month increase. According to the firm, this outpaced overall market growth of 9%.
Liquidnet, which is currently connected to 39 equity markets globally, added that on average, US members represented around 37% of daily market block volume in the stocks they traded and that 60% of trades done on its system were either the first or second largest daily print made in the stocks they traded. The comparable figure for small stocks was 80%.
In EMEA, the firm reported a 111% month-on-month increase in average daily trading volumes, with an average execution size of US$956,494 – a 20% increase on the previous month.
Buy-side firms participating in the annual McLagan Z/Yen survey of operational performance chose to rate Liquidnet as their top broker in the US and Europe last month.
Liquidnet added Patrick Young to its European business as a non-executive director earlier this month.