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Renewed surge in Apac equities
24 July 2013
H1 volumes rise as risk appetite returns
Global institutional trading network Liquidnet has announced a record first half of 2013 in Asia Pacific and strong quarterly performance in Emea.
The firm said Apac saw a “renewed surge” in equities over H1, compared to the year before. It said average daily liquidity rose by 27% to $10.5bn, up from $8.3bn in the same period of 2012.
In Emea, the average principal traded rose 57% to $359m over the same period, while global average daily liquidity was also up by about a quarter (24%) $65.6bn in principal to $81.6bn.
Seth Merrin, founder and CEO, Liquidnet, said: “We have built a company with a global liquidity pool that is truly unique in its scale, safety and size of execution. As the money being pulled from bond funds starts to flow back into equities, asset managers will continue to rely on Liquidnet to execute in much larger size without moving the market. It simply means better performance for their funds.”
The positive results extended to Liquidnet's block trading activities, with Liquidnet members executing either the first or second largest print of the day in US stocks 76% of the time.
In the small cap space, trades by Liquidnet members were the 1st or 2nd of the day 87% of the time.