Liquidnet and Instinet announce global liquidity sourcing agreement
First Published 31st December 1969
Liquidnet connecs with Instinet's Newport® 3 EMS
Liquidnet and Instinet have announced that Liquidnet's Members can now access Liquidnet's buy side-only network through Instinet's Newport® 3 EMS, further broadening access to the Liquidnet trading platform.
"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," said Lee Porter, 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, commented:
"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 minimizes 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."


