Liquidnet, a private trading operator owned by TP ICAP, announced on Monday that it is enhancing its equities trading application by integrating its proprietary trading analytics powered by Liquidnet Investment Analytics (IA).
The tool is designed to allow traders to make better order execution decisions directly from the trading application and to support portfolio managers. Clients get access to personalized analytical data in the form of visualizations and real-time notifications.
"Our clients tell us one of the biggest challenges facing buy-side dealing desks and sales traders is collecting, filtering, and re-distributing market insights appropriately to their portfolio managers. Traders face more data, less time to absorb it, as well as greater pressure to add value to the investment process. These enhancements are part of the solution, providing actionable insights within one click," Chris Jackson, the Head of Equities, EMEA and Global Head of Equities Strategy at Liquidnet, commented in the press release.
The combination of Liquidnet Investment Analytics and the equities trading app will allow it to successfully apply data analytics to hard to trade orders and 'high-touch' order flow. Until now, this type of analytics has worked very successfully for 'low-touch' and 'no-touch' order flow.
Luqidnet Posted a 22% Decline in Q3 Revenues
TP ICAP announced its Q3 results at the beginning of November, reporting a 14% jump in its quarterly financial, benefiting mainly from the current stock market and FX volatility. The world's largest inter-dealer broker posted revenue of £508 million, compared to £447 million.
However, revenues at Liquidnet, fell 22% in the reported period. US Agency Alternative Trading System (ATS) volumes proved weak compared to OTC venues and exchanges. They play an important role in Liquidnet's overall performance.
In December last year, the TP ICAP’s trading operator announced that it is elevating the coverage of its services in Europe. It set up fixed-income and equities professionals in Frankfurt, Copenhagen, Madrid and Paris.
