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Lee Porter, Head of Asia Pacific, Liquidnet

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Liquidnet and Instinet sign liquidity sourcing agreement

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Liquidnet, an investment community that enables secure and anonymous block trading of equities, has reached an agreement with Instinet, an electronic trading and agency-only brokerage, whereby Liquidnet’s members can access its buy side-only network through Instinet’s Newport 3 EMS globally.

“Liquidnet’s connectivity with Newport 3 provides our existing buy side members throughout the world with the ability to seamlessly access our exclusive liquidity directly from their EMS, providing even more control over where their orders are executed,” says Lee Porter (pictured), head of Liquidnet Asia Pacific. “As the Liquidnet community grows, we also naturally look to increase the number of EMS providers through which our clients can access our buy side-only liquidity, and Instinet’s Newport 3 has proven to be an excellent vehicle to access our trading platform.”

Jon Zanoff, global head of EMS strategy at Instinet, says: “With the ability to toggle orders on and off to venues like Liquidnet, our users are able to access significant block liquidity in a manner that minimises both information leakage and opportunity costs associated with being in the wrong place at the wrong time. Newport’s blotter interaction tools are the latest innovation in helping clients to access liquidity in increasingly fragmented markets."

Liquidnet provides access to 36 equities markets around the world plus London and Luxembourg listed GDRs.

Volume traded in these markets totalled over 15 billion shares (USD228.7bn principal) during the first half of 2010. Liquidnet averages approximately 1.8 billion shares a day of buy-side liquidity in our US natural pool and 8.3 billion shares globally.

Newport 3 is a multi-asset, broker-neutral execution management system. It serves as the primary gateway to Instinet’s entire product portfolio and enables users to understand risk, empower trading teams, customise trading strategies, execute globally, monitor progress and analyse performance.
 

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