Liquidnet and Instinet ink global liquidity sourcing agreement
Liquidnet, the premier institutional investment community that enables secure and anonymous block trading of equities, and Instinet, a global leader in electronic trading and agency-only brokerage, today announced that Liquidnet's Members can now access Liquidnet's buy side-only network through Instinet's Newport 3 EMS globally, further broadening access to the Liquidnet trading platform.
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"Liquidnet's connectivity with Newport 3 provides our existing buy side Members throughout the world with the ability to seamlessly access our exclusive liquidity directly from their EMS, providing even more control over where their orders are executed," said Lee Porter, Head of Liquidnet Asia Pacific. "As the Liquidnet community grows, we also naturally look to increase the number of EMS providers through which our clients can access our buy side-only liquidity, and Instinet's Newport 3 has proven to be an excellent vehicle to access our trading platform."
Jon Zanoff, Global Head of EMS Strategy at Instinet, commented: "With the ability to toggle orders on and off to venues like Liquidnet, our users are able to access significant block liquidity in a manner that minimizes both information leakage and opportunity costs associated with being in the wrong place at the wrong time. Newport's blotter interaction tools are the latest innovation in helping clients to access liquidity in increasingly fragmented markets."