Liquidnet Deploys Enhanced Next Gen Algo Suite in Canada
- The group's suite will also be offered to the Canadian market, helping secure access to block liquidity.
Liquidnet, an institutional trading and equities network, has deployed its Next Gen algo suite in Canada, helping shore up access to block Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in the North American marketplace, per a group statement.
Liquidnet has been expanding its Next Gen algo suite in a number of different jurisdictions over the past year, including the launch of the platform in the Asia-Pacific (APAC) region last June. The Next Gen algo suite helps tap into Liquidnet’s pool of natural liquidity, also sourcing liquidity to both lit and dark markets.
Block Liquidity Focus
The enhancement of the suite in Canada is important as it helps augment access to block liquidity in the country, including its flagship liquidity-seeking algo, Liquidnet Dark. In addition, the new additions to its Canadian offering includes Liquidnet Barracuda, which is designed to simultaneously seek a large block in Liquidnet and Liquidnet Sweep-Then-Post.
According to Rob Laible, Global Head of Equity Strategy, Liquidnet, in a statement on the enhancement: “An algorithm is only as good as the liquidity it can access. Our Next Gen Algos are the only ones that tap into Liquidnet’s unique pool of deep, natural liquidity, while also intelligently sourcing liquidity from both the lit and dark markets.”
Peter Coffey
“Liquidnet is a leader in the institutional block space. Our Next Gen algorithms have become top performing block seeking algorithms in Europe and the United States and we believe they will be transformative for our Member base here in Canada,” added Peter Coffey, Head of Liquidnet Canada.
“As one of the few unconflicted, agency-only brokers in Canada with expertise in lit, dark, and block markets, we are uniquely positioned to design Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term strategies that can navigate complex markets to efficiently access the liquidity that institutions need," he explained.
Liquidnet, an institutional trading and equities network, has deployed its Next Gen algo suite in Canada, helping shore up access to block Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in the North American marketplace, per a group statement.
Liquidnet has been expanding its Next Gen algo suite in a number of different jurisdictions over the past year, including the launch of the platform in the Asia-Pacific (APAC) region last June. The Next Gen algo suite helps tap into Liquidnet’s pool of natural liquidity, also sourcing liquidity to both lit and dark markets.
Block Liquidity Focus
The enhancement of the suite in Canada is important as it helps augment access to block liquidity in the country, including its flagship liquidity-seeking algo, Liquidnet Dark. In addition, the new additions to its Canadian offering includes Liquidnet Barracuda, which is designed to simultaneously seek a large block in Liquidnet and Liquidnet Sweep-Then-Post.
According to Rob Laible, Global Head of Equity Strategy, Liquidnet, in a statement on the enhancement: “An algorithm is only as good as the liquidity it can access. Our Next Gen Algos are the only ones that tap into Liquidnet’s unique pool of deep, natural liquidity, while also intelligently sourcing liquidity from both the lit and dark markets.”
Peter Coffey
“Liquidnet is a leader in the institutional block space. Our Next Gen algorithms have become top performing block seeking algorithms in Europe and the United States and we believe they will be transformative for our Member base here in Canada,” added Peter Coffey, Head of Liquidnet Canada.
“As one of the few unconflicted, agency-only brokers in Canada with expertise in lit, dark, and block markets, we are uniquely positioned to design Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term strategies that can navigate complex markets to efficiently access the liquidity that institutions need," he explained.