Liquidnet, a trading network for institutional investors, announced today that its buy-side clients gained direct access to trading securities and instruments listed on the Taiwanese stock exchange through the company’s trading platform.
The next step for the company is to supplement its existing offering with assets characteristic to Taipei’s market. The move is the next step in Liquidnet’s expansion in the APAC region. Liquidnet is currently offering admission to 12 different markets across the area including Thailand, India and the Philippines. Looking at the global offering, the company is now providing access to 44 stock markets around the world.
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The total capitalization of the Taiwanese Stock Exchange (TSE) rose last year to $876 billion, with the amount of large companies listed on the venue amounting to over 800. The most important sectors and industries of the local market include industrials and tech firms, which is consistent with global trends.
Commenting on the announcement, Lee Porter, Head of Liquidnet Asia Pacific, stated: “For the past eight years, Liquidnet has been one of the best venues for accessing unique, institutional-sized liquidity in Asia-Pacific names. Our launch of Taiwan equities follows Liquidnet’s successful launches of trading in Thai, Indian and Philippines equities and further demonstrates our commitment to providing institutional investors with access to large scale liquidity in the region.”
In early February 2016, Finance Magnates reported that Liquidnet expanded its Execution & Quantitative Services (EQS) groups by hiring two new senior employees. Craig Viani took the position of execution consultant and Mike Capelli was appointed Head of Algo Services Group.