Liquidnet

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Liquidnet is a global institutional investment network. Asset managers can use it to anonymously trade large amounts of stocks. Liquidnet is present in 46 equity markets and has over 1,000 investment firms as clients that manage $33 trillion in stocks and other financial instruments. Liquidnet’s headquarters is located in New York and the company has offices in prominent cities across the globe including Hong Kong, London, Sydney, and Singapore. 

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History of Liquidnet

Seth Merrin founded Liquidnet in 2001 as a wholesale electronic trading platform where institutional traders could trade large amounts of stocks. Merrin wanted to start the network with at least 100 buy-side firms at launch but later revised this to 75. Liquidnet started with 38 firms. Its current average trade size is 50,000 shares. This is 200 times bigger than the average trade size on regular institutional trading platforms and dark venues. Liquidnet uses its community to determine institutional demand for a stock. 

In 2010 Liquidnet invested in OTR Global, a research and brokerage firm. In 2011 they launched a private shares market together. In 2011 Liquidnet partnered with Six Swiss Exchange to allow members of both networks to trade large amounts of stocks with each other. In 2014 Liquidnet acquired Vega-Chi, a bond trading platform, followed by the acquisition of OTAS Technologies, a financial market analytics platform in 2017, and the acquisition of RSRCHXchange, a marketplace for institutional research. 

In 2020 Seth Merrin quit as CEO of the company, passing the role on to Brian Conroy. Shortly after this TP ICAP announced that they wanted to acquire Liquidnet. In 2021 the acquisition was completed and Liquidnet expanded with new primary markets like fixed income and equities in France, Span, and Germany. Recently Liquidnet expanded its bond offerings to include South Africa. Liquidnet will partner with NowCM soon to speed up workflow. 


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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