Alternative trading system Liquidnet has set a new quarterly record for Canadian trading volume, the ATS said Friday.

The firm reports that it traded 118,667,757 shares in the second quarter (worth US$1.75 billion). It noted that the total represents a 50% increase on the previous quarter, a 66% increase year-on-year, and equates to an average of 1,883,615 shares traded daily in the quarter.

“Despite the huge drop in market liquidity during the G20 in Toronto last week, Liquidnet’s volumes were solid and we were the only venue to delivery liquidity in size. Every day of the summit week, Liquidnet was where the largest block of one or more portfolio stocks traded. We were still able to deliver the most liquidity and the largest trades of key stocks during a difficult time,” said Robert Young, head of Liquidnet Canada.

John Barker, head of international at Liquidnet, added, “The record quarter in Canada follows strong international expansion in recent months, which has seen us launch trading of Mexican, New Zealand, Polish, Lithuanian, and Estonian equities. We now offer trading in 36 markets worldwide and will continue to offer our growing member community access to new sources of liquidity across the world in the near future.”

IE