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August 26th, 2008 - Liquidnet has announced that it now has more than 100 members providing liquidity in Asia-Pacific equities
Liquidnet Announces More Than 100 Members Signed On to Trade Asia-Pacific Equities
David Klinger, MD, Liquidnet Asia: "The demand from Asia Pacific investors for a venue to anonymously trade large blocks of stock is very strong."
The milestone was reached with the addition of Australian institutional fund manager Challenger Financial Services Group Ltd and Axa Rosenberg Investment Management (Japan) Ltd, who became the 100th and 101st member respectively. The achievement occurred less than nine months since the firm began trading in Asia in November 2007.
"The demand from Asia Pacific investors for a venue to anonymously trade large blocks of stock is very strong," said David Klinger, managing director of Liquidnet Asia. "Throughout the region, we have helped our members trade more efficiently than they could through traditional methods, resulting in enhanced quality of trade execution and lower overall trading costs."
Andrew Fraser, Head of Trading at Challenger Financial Services Group Ltd. said, "In our first days trading, Liquidnet has demonstrated it can deliver access to real institutional block liquidity in a unique and efficient manner. We are excited that we are now members of the Liquidnet community."
Liquidnet commenced onshore trading of Japanese equities in June. Hei Seki, Head of Trading at AXA Rosenberg Investment Management Ltd. in Tokyo said, "We are looking forward to finding many block trading opportunities to help achieve superior results for our fundholders."
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