Liquidnet, a private trading operator owned by TP ICAP, announced on Thursday that it is enhancing the coverage of its services in continental Europe by deploying equities and fixed income specialists in Paris, Madrid, Frankfurt and Copenhagen.
The company is leveraging its parent TP ICAP’s existing geographic infrastructure and expertise to deploy coverage teams locally in Europe. With the expansion, the company will focus on the buy-side member community with a range of execution services like client coverage, sales trading and trading.
“Leveraging the TP ICAP footprint means we have an amazing opportunity to enhance the Liquidnet offering in a very efficient and effective way,” said John Ruskin, TP ICAP Group’s CEO of the Agency Execution division.
“One of the reasons Liquidnet’s model works so well is because we are focused on co-creating and delivering solutions that address the challenges our Members face. To do that, we need to be where they are, and that is exactly what we are doing.”
Localized Approach
With the localized approach, Liquidnet is expecting to offer more tailored client services in the region and deepen its pool of liquidity .
Earlier this year, Liquidnet enhanced its offerings in the bond market with the launch of Liquidnet Primary Markets, providing an electronified Debt Capital Markets (DCM) workflow for new issue announcements and a protocol to trade new issues.
“We are a Member community,” Chris Jackson, Global Head of Equity Strategy and Head of EMEA Equities at Liquidnet, said. “Enhancing our footprint in continental Europe enables us to grow this community, deepen the liquidity proposition for all Members and improve the service we provide.”
