Financial Supervisory Agency Registration Marks Important Step into Market
TOKYO, March 26 /Xinhua-PRNewswire/ -- Liquidnet, the #1 electronic marketplace for institutional-only block trading, announced today it has received broker registration certification from the Financial Supervisory Agency of Japan.
This important approval brings Liquidnet closer to full entry in the Japanese market, which will allow Japanese buy-side institutions to join Liquidnet’s global Membership of nearly 400 firms that form a new global institutional marketplace for Japanese equity trading.
"Liquidnet’s entry into Japan means that as a global trader, I will have access to liquidity in one of the most significant world markets via a proven large-block trading venue," said Steven Wood, Executive Director and Global Head of Trading Investment at Schroders Investment Management Limited. "My firm is looking forward to the day that the Liquidnet system is live in Japan."
Liquidnet currently supports trading in 20 equity markets globally, and its Member firms collectively manage more than $13 trillion in equity assets under management. The firm plans to launch Japanese trading capabilities this summer for its Members based outside of the country, and trading by Japanese-domiciled firms by year-end.
"We are extremely pleased and honored to be recognized by the FSA as a qualified broker," said Seth Merrin, CEO of Liquidnet. "Providing the ability for Japanese asset management firms to be able to execute large-block equity orders securely and anonymously is critical for our growth as a global institutional marketplace."
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 Japan is headquartered in Tokyo and is regulated by the Financial Supervisory Agency of Japan. Liquidnet Asia Limited, headquartered in Hong Kong, has applied for the appropriate licenses/authorizations from the Hong Kong Securities and Futures Commission. Liquidnet Asia Limited is not currently licensed, regulated or otherwise authorized by the Monetary Authority of Singapore, and is not currently holding itself out as operating a market in Singapore. Additional company and product information is available online at http://www.liquidnet.com .
