Liquidnet Canada, the global institutional trading network, Tuesday announced record growth and performance highlights for 2011.
The record trading in Canadian equities was also driven by the addition of new asset management firms in Canada seeking global liquidity and results.
“Despite the economic challenges and high volatility in the global markets last year, our record performance confirms that institutional investors see Liquidnet as the preferred network to execute large trades and get the best returns for their clients,” says Robert Young, CEO of Liquidnet Canada.
Liquidnet Canada volume soared 60 per cent in year over year volume. Canadian-based asset managers trading through the Liquidnet network increased 45% from 2010 to 29 firms.
Liquidnet Canada says the average execution size was 150 times more than the TSX and 190 times larger on average than other off-exchange trading venues in Canada.
Average daily liquidity increased over 49% to 404 million shares per day/year-over-year.