Long-term investors are deeply concerned about their ability to find liquidity, with nearly 90% afraid that predatory high-frequency traders are preying on their flows, according to a new survey by block-trading network Liquidnet.
Buy-side block trading venue Liquidnet has released a set of EMEA trading algorithms, which it says will help market participants to find liquidity ahead of the European Commission’s upcoming MiFID II legislation, which introduces important changes for dark pools.
The European Commission’s MiFID II legislation is a poorly thought-out, arbitrary and unclear piece of rulemaking that will prevent traders from being able to do their job. Worse still, a lack of clarity over the final details will inflict uncertainty and cost on market participants from now until 2017, according to delegates at TradeTech Paris this week.
Global institutional trading network Liquidnet has hired Chris Jackson as European head of its Execution and Quantitative Services group. This new role will involve setting the strategic direction of the European trading desk and Algorithmic Services Group, as well as heading the sales effort for Liquidnet’s global algorithmic offering with European clients.
Buy-side block trading network Liquidnet has launched a new platform called Liquidnet 5, which it says will help to cut down on conflicts that might affect best execution. The move is part of a wider shift as the buy-side seeks to claim more independence from the sell-side.
Buy-side block trading venue Liquidnet has appointed former Wells Fargo Securities equity trading boss Bob Garrett as its new head of technology, based in New York.
German exchange Deutsche Börse is to launch a new block trading service in partnership with Liquidnet, the buy-side crossing network.
Buy-side block trading venue Liquidnet has opened in Thailand, providing long-term institutional investors with another platform for trading the ASEAN market.
Bank of America Merrill Lynch is seeking to attract long-term investors who have become disillusioned with equity markets. Its new trading system, Instinct Natural, is a crossing network that is clearly geared towards customers that want to trade in blocks. But market participants have expressed concerns about its potential to meet the needs of long-term investors.
Former Liquidnet Europe head John Barker is to take up a new role at Russian financial services firm BCS Financial Group, Banking Technology has learned.