Liquidnet Readies Plans for Launch of Institutional Dark Pool

Liquidnet, a global institutional trading network, has unveiled its integration with seven Order Management Systems (OMS), helping provide direct connectivity into its inaugural dark pool for corporate bonds, according to a Liquidnet statement.

Liquidnet is scheduling the launch for Q3 2015, which will be the culmination of a consolidated and critical mass of corporate bond Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to market participants who aim to capture corporate bond trading benefits and opportunities, presently unavailable in the marketplace.

Amid a recent survey and strong interest among market participants and Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms, collectively comprising $12.15 trillion in assets under management, Liquidnet’s platform emerged as a strong preference in the corporate bond realm.

At the present, Liquidnet is working with a variety of OMS providers, including Charles River Development, Eze Software Group, Fidessa, LineData and Thinkfolio, as well as two other entities. Liquidnet’s subsequent integration and custom OMS will help to kindle growth across its electronic corporate bond market via a critical mass of liquidity and efficiency measures.

According to Constantinos Antoniades, Head of Liquidnet Fixed Income, in a recent statement on the launch, “Our clients have asked us for a dark pool that enables them to match based on passive blotter-level dark liquidity. By connecting to their existing order management systems, asset managers will have direct access to a protected venue that allows them to exchange natural liquidity with minimum effort and minimum information leakage.

The functionality, protocols and connectivity of our dark pool will create significant new liquidity in the broader corporate bond universe - not just in the most liquid segment of the market.”

“There is a growing trend among the buy-side community to find new and more efficient ways to access additional liquidity in order to get their trades done. This type of integration is essential in bringing the buy-side together and enhancing the fixed income trading process,” noted Jeffrey Shoreman, President, Eze Software Group, in an accompany statement.

“Integrating with Liquidnet will drive new efficiencies in fixed income trading and is a key step in making the process more electronic. By expanding our partnership with Liquidnet we are able to drive higher levels of satisfaction across our global client base,” reiterated Scott Govoni, Director of Strategic Alliances, Linedata.

Last month, Liquidnet brought in Mark Taylor as its newest senior member of its fixed income sales team. Mr. Taylor joined Liquidnet from HSBC, where he distinguished himself in the bank’s bonds division – he served as its managing director of UK institutional credit sales.

Liquidnet is a paramount institutional equities marketplace, which aggregates a number of global asset managers and public companies onto a single unified network. The group is headquartered in New York City and maintains a presence in Boston, San Francisco, London, Hong Kong, Singapore, Sydney, Tokyo and Toronto.