Asia PR News

TORONTO, Oct. 30 /PRNewswire-AsiaNet/ –

First Week of Successful Trading Marks the Dawn of a New
Institutional Marketplace for Canadian Equities

Liquidnet, the #1 electronic marketplace for institutional-only block
trading, announced today its launch of Canadian equity trading, which commenced
on October 24. Canadian buy-side institutions joined with Liquidnet’s global
Membership of nearly 400 firms to form a new global institutional marketplace
for Canadian equity trading.

"The block-dominated nature of the Canadian marketplace is particularly
well suited for the Liquidnet model of peer-to-peer large-block trading," said
Robert Young, Managing Director of Liquidnet Canada Inc. "During Members’ first
four days of trading, the average execution size was more than 80,000 shares,
and the highest volume on any one day was more than 2 million shares. Our early
success marks the formation of a new marketplace for Canadian equities that is
built exclusively for the needs of the buy-side trader."

"Liquidnet’s launch of Canadian equity trading has changed the way Canadian
equities are traded on a global scale," said Seth Merrin, CEO of Liquidnet.
"Nearly half of all equity stock in Canadian-based public companies is held by
asset managers based outside of Canada. Many of these firms are already
Liquidnet Members. It was remarkable to see them connect and trade Canadian
equities in Liquidnet."

Including Canada, Liquidnet supports trading in 17 equity markets globally
and has nearly 400 live Member firms who collectively manage more than
$12 trillion (CAN) in equity assets under management. Since launching Canadian
equity trading, Liquidnet’s exclusive liquidity pool of Canadian equities
averaged 108 million available shares per day.

About Liquidnet
Liquidnet is the #1 electronic marketplace for block trading. Founded in
the United States in 2001, Liquidnet was built to solve the inefficiencies that
currently affect the institutional trading industry. By providing an electronic
marketplace where money management institutions can trade large blocks of
equities directly and anonymously, Liquidnet offers its Member firms
significant price improvement with little to no market impact. The Liquidnet
system was designed to bring liquidity to the trader, reversing the current
paradigm of searching for liquidity. Liquidnet launched its European operations
in 2002 and its Canadian operations in 2005.

Liquidnet, Inc. is a registered U.S. broker/dealer, headquartered in New
York City and a member of NASD/SIPC. Headquartered in London, Liquidnet Europe
Limited is regulated by the U.K. Financial Services Authority and is a member
of the London Stock Exchange. Liquidnet Canada Inc. is regulated by the Ontario
Securities Commission and is a member of IDA/CIPF. Additional company and
product information is available online at http://www.liquidnet.com

SOURCE: Liquidnet, Inc.

CONTACT: Nicole Olson of Liquidnet,
+1-646-674-2149,
nolson@liquidnet.com

Web site: http://www.liquidnet.com