Merrin’s Liquidnet Launches With 40 Firms; More to Join
TRADING AND EXCHANGES
NEW YORK--Liquidnet, the buy side-only US equity alternative trading system, went live on April 10 with 40 firms participating. There are 42 on board now, with 31 on the waiting list.
In ten days of trading, the system has processed 60 million total shares, with an average execution size of 80,000 shares. That is one hundred times the industry average execution size, says Alfred Eskandar, marketing director at Liquidnet. Daily volumes have ranged from a high of 17.4 million (achieved on the
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