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June 6th, 2008 - Liquidnet has announced BATS Trading Inc. has become its 22nd Streaming Liquidity Partner.

Liquidnet has announced BATS Trading Inc. has become its 22nd Streaming Liquidity Partner

Seth Merrin, CEO, Liquidnet: "Through our Supernatural strategies, our Members are able to cross with approximately three billion shares in Liquidnet H2O, and 2.5 billion shares in our natural pool resulting in industry-leading crossing-rates."

Liquidnet has announced BATS Trading Inc. has become its 22nd Streaming Liquidity Partner. This liquidity alliance enables Liquidnet's nearly 500 Member firms, via Liquidnet H20, unique access to approximately 700 million additional shares of liquidity per day. BATS has integrated the ability to cross with Liquidnet H2O via its new Dark Scan order type and joins Liquidnet H2O's growing list of Streaming Liquidity Partners.

"Through our Supernatural strategies, our Members are able to cross with approximately three billion shares in Liquidnet H2O, and 2.5 billion shares in our natural pool resulting in industry leading crossing-rates." said Seth Merrin, Liquidnet CEO. "The combination of Liquidnet Natural - Liquidnet's natural negotiation ATS, and Liquidnet H2O, which now includes broker, exchange and ECN flow, expands the breadth and depth of the global institutional marketplace. In fact, bringing retail investors into the institutional marketplace is a huge step forward in helping to fix the market structure and provide better executions for both institutional and retail investors. BATS Trading is a valuable partner in Liquidnet's institutional marketplace which provides a safer, more efficient environment for institutions to execute their trades.

"Liquidnet's Membership represents some of the biggest institutions in the world and we are glad to add them to our Dark Liquidity Partner program," said BATS Chief Executive Joe Ratterman. "Our ability to interact with Liquidnet H2O and other Dark Liquidity Partners helps to ensure that our customers' orders are filled efficiently. As we approach Exchange status in the U.S., we look forward to growing in this and other areas."

 

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