Q2 is record quarter for Liquidnet in Asia
Principal traded climbed to a record $6bn, marking a 4% increase on Q1 2014, which was also a record.
“The rally in some Asian equity markets, combined with thinner volumes in public markets, drove more institutional investors to Liquidnet as they sought to secure large blocks on a safe and secure venue.
“This was reflected in our record performance, and the size of the liquidity pool,” said Lee Porter, head of Liquidnet Asia.
The region also reported record average daily liquidity of $11.6bn, a 9% rise from Q1. The average trade size across the region during the quarter was around $1.2m, an increase of 7% over Q1.
A surge in the trading of Japanese equities contributed to record performance for the region and Japan, with a 144% jump in principal traded in Q2 over the same period last year.
Volumes climbed on Liquidnet’s platforms, even as trading in Japan’s public markets fell. On the Tokyo Stock Exchange, volumes for the period of January to May 2014 were down 20%, over the same period a year earlier. On Liquidnet Japan, volumes from January to June 2014 were up 149% over the corresponding period in 2013.
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