Liquidnet Europe’s principal traded rose for the first quarter of 2005 to 1.6 billion pounds–a 59.7% increase over the fourth quarter of 2004 and a 130% increase over the first quarter of last year.
Average bargain value per trade for Liquidnet Europe in the first quarter of 2005 was 720,532 pounds — a 20.7% increase from the fourth quarter of 2004 and a 46 percent increase over the same quarter one year ago. In less than three months since joining the London Stock Exchange, Liquidnet Europe, in operation only two and a half years, is now ranked as the 26th largest agency brokerage firm out of approximately 200 for U.K. equity trades according to the LSE.
“We have exceeded our expectations in terms of growth this quarter,” said John Barker, Managing Director of Liquidnet Europe. “We believe that the tremendous increase in principal traded this quarter clearly indicates that Europe’s buy-side community has embraced our model. Liquidnet gives them natural liquidity with size, anonymous executions that do not move the market and significant cost savings across eleven equity markets.”