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Liquidnet launches targeted invitations for fixed income

First Published 19th July 2016

Liquidnet's Fixed Income Targeted Invitations tool unlocks hidden corporate bond liquidity.

Liquidnet has announced the launch of its Fixed Income Targeted Invitations, a tool to seek latent liquidity across its institutional participants, for the U.S. and EMEA.

Targeted Invitations allow qualifying Members of Liquidnet's Fixed Income Dark Pool to anonymously send invitations to trade to a select number of participants who recently had the opposite side of the sender's order. In addition, the functionality gives traders the option to seek opposite liquidity in multiple bonds of the same issuer simultaneously with minimum effort. The result is a new source of previously unavailable hidden or dormant liquidity for buy-side traders.

"Targeted Invitations for our equities dark pool was a global success, reaching $1.7 billion traded in just nine months. But the credit markets have an even greater need for this type of innovation." said Seth Merrin, Founder and CEO of Liquidnet.

The Targeted Invitations functionality is currently available for all of Liquidnet's US-based fixed income clients and is being rolled out to its European client base over the coming weeks.