Block trading specialist Liquidnet, part of the TP ICAP Group, has expanded its continental European coverage by deploying specialists in equities and fixed income in Paris, Madrid, Frankfurt and Copenhagen to offer a range of execution services including client coverage, sales trading and trading.
The strategic move taps into the existing geographic infrastructure and team within the pan-European TP ICAP Group helping Liquidnet to deploy coverage teams locally to serve the buy-side member community.
John Ruskin, CEO of the Agency Execution division of TP ICAP Group said, “Leveraging the TP ICAP footprint means we have an amazing opportunity to enhance the Liquidnet offering in a very efficient and effective way. One of the reasons Liquidnet’s model works so well is because we are focused on co-creating and delivering solutions that address the challenges our members face. To do that, we need to be where they are and that is exactly what we are doing.”
Having local teams in key European hubs is intended to enable Liquidnet’s Equity business to offer a more tailored client service in the region and deepen its pool of liquidity, which currently offers US$74 billion of global average daily liquidity across 46 equity markets.
“We are a member community. Enhancing our footprint in continental Europe enables us to grow this community, deepen the liquidity proposition for all Members and improve the service we provide,” added Chris Jackson, global head of equity strategy and head of EMEA equities at Liquidnet.
The business has launched offerings in the primary and secondary fixed income markets and one of the largest pools of buy side liquidity, expanding the firm’s fixed income business.
Mark Russell, global head of fixed income, commented, “Having specialists in place who are close to our members means that we are better placed to develop our offering.”
©Markets Media Europe, 2021
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