Liquidnet Named #1 Broker for Equities Operational Performance
First Firm to Sweep the #1 Position in All Major Categories in Both the US &
NEW YORK -- January 16, 2013
Liquidnet, the global institutional trading network, announced today that it
has been named the #1 Global Broker for Operational Performance as part of the
2012 McLagan [Z/YEN] Survey of Operational Performance of Brokers. Liquidnet
is also the first firm to rank first in all major categories of the annual
survey in both the US and Europe.
Liquidnet ranked #1 in all five major categories in the US (Overall
Performance by a Broker, Domestic Core Processing, International Core
Processing, Client Management and MIS) and all four major categories in Europe
(Overall Performance by a Broker, Core Processing, Client Management and MIS)
for equities trading. This marks the fifth year in a row in the US and the
second year in a row in Europe that Liquidnet has ranked first for operational
performance. For the first time, Liquidnet was also named most improved broker
in Asia Pacific.
“We have made significant investments in our people and processes around the
world so that our community of asset management firms has the best end-to-end
experience when they trade with us. This includes everything from delivering
best execution in 41 markets to providing best in the world operational
performance to clear and settle those trades. We are grateful to be recognized
by the buy-side community and remain deeply committed to providing more
opportunities in which to invest and delivering the best overall experience
for our Members to help them perform,” commented Seth Merrin, Founder and CEO,
Liquidnet’s member services team provides the company’s network of more than
700 of the world’s leading asset managers with a full suite of services
*Real-time exposure monitoring system to deal with intra-day market events
and volatility allowing Liquidnet to protect institutional investors that
make up its member community without compromising efficiency.
*Liquidnet’s Commission Management Services which eliminates the conflicts
that arise between best execution and the need to pay bills. Members can
easily aggregate, manage, and analyze all of their commissions across
brokers, currencies, and asset classes. And Liquidnet also offers the
buy-side community an insurance package on all commission credits received
under the program.*
*Trade Support Forums, a global event series developed by Liquidnet to
provide market intelligence in the operations arena while bringing the
buy-side community together. This year, events were held in New York,
Boston, London and Toronto with more than 100 asset management firms
*Subject to terms and conditions
“The buy-side community continues to highlight Liquidnet as a firm that
provides an exceptional level of service to its clients in the US and Europe.
Respondents highlighted Liquidnet as being highly responsive and proactive to
their needs while also providing value added services. They are also starting
to gain traction in high growth regions as seen with the most improved ranking
in Asia Pacific,” commented James Pitcher, Associate Partner, McLagan.
Now in its 10th year, results from McLagan’s annual survey were based on
interviews with 112 leading buy-side financial firms in the US, Europe and
Asia Pacific. The firms were posed questions relating to the performance of
brokers on various aspects of the operations process, such as accuracy and
timing of trade confirmations, settlement rate, fail management, transactional
client service and client relationship management.
Liquidnet is the global institutional trading network that connects over 700
of the world’s top asset managers to large-scale equity trading opportunities
across the globe — 41 markets across five continents. With an average trade
size of more than 42,000 shares in the US, 65,300 in Canada, and approximately
$1 million in Europe, Africa and Asia Pacific*, Liquidnet is a leader in large
block trading globally. Liquidnet does this by going beyond what the retail
market can provide by defending and securing the integrity and the anonymity
of the block trade while continuously looking for ways to bring in new sources
of safe, actionable liquidity from asset management firms, exchanges, brokers
and corporations. Asset Managers rely on Liquidnet to help them protect the
performance of their portfolios by allowing them to enter and exit their
portfolio positions more efficiently. For more information on the Liquidnet
community, its liquidity, block executions, and additional investment
capabilities, visit www.liquidnet.com.
*For the year ending 12/31/12
McLagan is a global provider of market intelligence to the financial services
industry and conducts this survey annually. McLagan is the financial services
industry’s leading compensation consulting, productivity and performance
benchmarking firm, and can be found at www.mclagan.com.
© 2013 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a
member of FINRA/SIPC. Liquidnet Europe Limited is authorized and regulated by
the Financial Services Authority in the UK, is licensed by the Financial
Services Board in South Africa, and is a member of the London Stock Exchange
and a remote member of the Warsaw Stock Exchange and SIX Swiss Exchange.
Liquidnet Canada Inc. is a member of IIROC and a member of Canadian Investor
Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong
Securities and Futures Commission as a licensed dealer and a provider of
automated trading services pursuant to the Securities and Futures Ordinance
and is regulated by the Monetary Authority of Singapore as a Recognized Market
Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency
of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is
registered with the Australian Securities and Investment Commission as an
Australian Financial Services Licensee, AFSL number 312525, and is registered
with the New Zealand Financial Markets Authority as a Financial Service
Provider, FSP number FSP3781.
Melissa Kanter, +1 646-660-8469
Global Marketing & Communications
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