Liquidnet ‘lights up’ investor liquidity

Dark poolLiquidnet, a trading network also referred to as a ‘dark pool’ due to the anonymity offered to its members, has launched its Next Gen Algo suite in Europe, the Middle East and Africa (Emea), following the product’s debut in the US last year. The suite is designed to enhance the trading performance of institutional clients by giving them access to large-scale liquidity, including both dark and ‘lit’ markets. A “lit” market is where the prices are viewable by the public; dark trading is not visible to the lit participants. Next Gen Algo has the liquidity-seeking algo, Barracuda, within it, which has been designed to simultaneously seek a block of securities in Liquidnet’s system while also searching for available liquidity across lit and dark markets. Chris Jackson, European head of Liquidnet's execution and quantitative services group, said that rules under the Markets in Financial Instruments Directive II that will limit trading in ‘dark’ liquidity, mean that “algos that both intelligently access the lit market and large-in-scale blocks in the dark, will become more and more important to our members”. ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.