Liquidnet Launches Next Gen Algo Suite for EMEA Region

Liquidnet’s Next Gen EMEA Algo suite will help bridge the offering with existing options, including its previous liquidity seeking algos.

Liquidnet, a worldwide institutional trading network, has unveiled its Next Gen Algo suite for the Europe, Middle East, and Africa (EMEA) region, with the aim of augmenting the capabilities and overall trading performance of its institutional membership, according to a Liquidnet statement.

More specifically, Liquidnet’s Next Gen EMEA Algo suite will help bridge the offering with existing options, including its previous liquidity seeking algo, which had been implemented to obtain a block in Liquidnet and garner liquidity across both lit and dark markets.

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Currently, Liquidnet’s Next Gen Algos leverages its network of over 800 global institutions with a collective $20 billion of EMEA average daily liquidity. The new launch follows on the heels of an earlier rollout back in August 2015, when Liquidnet targeted a US audience with its algos. The latest development is important however, as it taps into the EMEA region, hoping to replicate the success it’s had in the US venue.

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According to Chris Jackson, European Head of Liquidnet’s Execution and Quantitative Services (EQS) Group, in a recent statement on the launch: “Algos can only be as good as the liquidity they access and the Next Gen Algo suite combines Liquidnet’s deep pool of institutional liquidity, with intelligent access to liquidity from external lit and dark venues.”

“In current volatile market conditions, we see significant demand from our Members and clients for algo solutions that combine the value of our block offering, with the opportunity to execute in the broader market,” he noted.

“Ahead of MiFID II’s double volume caps, algos that both intelligently access the lit market and large-in-scale blocks in the dark, will become more and more important to our Members.”

Liquidnet made headlines late last year when it launched its Fixed Income dark pool in a bid to help facilitate direct, peer-to-peer (P2P) trading of corporate bonds and securities, following several months of development. The dark pool has since catered to asset managers in North America and Europe, having helped create a hub of institutional liquidity in the region.

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