Liquidnet Takes On Banks with New Derivatives Tool

Wednesday, 25/10/2023 | 08:35 GMT by Damian Chmiel
  • The company introduced a pre-trade analytics tool for US and European derivatives.
  • The new offering aims to fill a data gap in the derivatives market.
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Liquidnet, a technology-driven agency specializing in execution services, has unveiled a new pre-trade analytics tool for listed derivatives. Available in both the US and Europe, the tool aims to provide insights like volume, liquidity, and projected activity to traders before they execute a trade.

Liquidnet Enters Listed Derivatives Space with New Pre-Trade Analytics Tool

Liquidnet's new analytics tool is designed to offer a competitive edge in a market traditionally dominated by banks. Mike du Plessis, the Global Head of Listed Derivatives at Liquidnet, commented that the firm's technology and talent make it well-suited to compete in this evolving landscape.

"It is here that Liquidnet is well placed to compete given our technology and talent, our pure agency model, and our approach to working with institutional asset managers to design market-led, innovative solutions," he commented.

Du Plessis, who joined Liquidnet in March 2022, leads a team of specialists based in various global financial hubs, including London and New York.

The launch leverages Liquidnet's existing infrastructure and technology. It is an extension of Liquidnet Investment Analytics, tailored specifically for the buy-side community.

Darren Smith, the Head of EQS, Listed Derivatives at Liquidnet, noted that traders in other asset classes have access to a wealth of pre-trade data. However, this kind of information has been largely missing for listed derivatives.

"We’re pleased to address this gap and bring pre- and point-of-trade intelligence with multiple delivery channels,” Smith concluded.

Finance Magnates reported in April that Liquidnet and TP ICAP jointly increased block liquidity in the European Small and Mid-Caps (SMEs) sector.

Liquidnet and TP ICAP Recent Updates

Liquidnet's network includes over 1,000 institutional investors managing a collective $33 trillion in assets. The company operates in 46 markets across six continents. For instance, it offers a range of services, from trade execution to actionable intelligence and insights. This new offering is expected to add another layer of value to Liquidnet's already extensive portfolio.

On the other hand, TP ICAP is a global leader in market infrastructure and data solutions. The group connects buyers and sellers in wholesale financial, energy, and commodities markets. It is the world's largest wholesale market intermediary, offering a portfolio of services, including broking, trade execution, and data analytics.

In August, the company presented better-than-expected financial results for H1 2023, reporting £1.13 billion in revenue. A few months earlier, it finally started its crypto spot exchange for institutional investors, Fusion Digital Assets.

Liquidnet, a technology-driven agency specializing in execution services, has unveiled a new pre-trade analytics tool for listed derivatives. Available in both the US and Europe, the tool aims to provide insights like volume, liquidity, and projected activity to traders before they execute a trade.

Liquidnet Enters Listed Derivatives Space with New Pre-Trade Analytics Tool

Liquidnet's new analytics tool is designed to offer a competitive edge in a market traditionally dominated by banks. Mike du Plessis, the Global Head of Listed Derivatives at Liquidnet, commented that the firm's technology and talent make it well-suited to compete in this evolving landscape.

"It is here that Liquidnet is well placed to compete given our technology and talent, our pure agency model, and our approach to working with institutional asset managers to design market-led, innovative solutions," he commented.

Du Plessis, who joined Liquidnet in March 2022, leads a team of specialists based in various global financial hubs, including London and New York.

The launch leverages Liquidnet's existing infrastructure and technology. It is an extension of Liquidnet Investment Analytics, tailored specifically for the buy-side community.

Darren Smith, the Head of EQS, Listed Derivatives at Liquidnet, noted that traders in other asset classes have access to a wealth of pre-trade data. However, this kind of information has been largely missing for listed derivatives.

"We’re pleased to address this gap and bring pre- and point-of-trade intelligence with multiple delivery channels,” Smith concluded.

Finance Magnates reported in April that Liquidnet and TP ICAP jointly increased block liquidity in the European Small and Mid-Caps (SMEs) sector.

Liquidnet and TP ICAP Recent Updates

Liquidnet's network includes over 1,000 institutional investors managing a collective $33 trillion in assets. The company operates in 46 markets across six continents. For instance, it offers a range of services, from trade execution to actionable intelligence and insights. This new offering is expected to add another layer of value to Liquidnet's already extensive portfolio.

On the other hand, TP ICAP is a global leader in market infrastructure and data solutions. The group connects buyers and sellers in wholesale financial, energy, and commodities markets. It is the world's largest wholesale market intermediary, offering a portfolio of services, including broking, trade execution, and data analytics.

In August, the company presented better-than-expected financial results for H1 2023, reporting £1.13 billion in revenue. A few months earlier, it finally started its crypto spot exchange for institutional investors, Fusion Digital Assets.

About the Author: Damian Chmiel
Damian Chmiel
  • 1978 Articles
  • 47 Followers
About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 1978 Articles
  • 47 Followers

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