BOSTON--(BUSINESS WIRE)--Luminex Trading & Analytics LLC, a buy-side owned trading venue which seeks to deliver the benefits of low cost and more efficient trading, today announced that it has been named Best New Trading Venue by Markets Media at the fourth-annual Markets Choice Awards, which were held in New York City on February 24.
Markets Media is a financial publication dedicated to providing content and hosting conferences relating to institutional trading and investing. The annual Markets Choice Awards recognize leaders across the institutional buy side and sell side: exchanges, sell-side trading desks, institutional asset owners, investment managers and technology providers.
Jonathan A. Clark, CEO of Luminex, commented, “We are proud and honored to have been selected as the recipient for this prestigious award, which reflects the foresight and vision of a large cross section of the buy side community that worked together to make Luminex a reality. Since our launch in early November, we have worked diligently to ensure our clients receive the most efficient and effective trading experience as possible. We look forward to continuing to deliver on our commitment to provide an innovative, transparent and collaborative solution to our customers in the years ahead.”
Markets Media conducted more than a dozen one-on-one interviews with senior market participants across the buy side and sell side, focusing on the areas of their expertise. Following those interviews, an initial nominee-generating process was open to readers and social media followers. Finally, the publication deliberated internally and, in consultation with the Markets Media Advisory Board, selected the winners of the various categories.
With 117 investment management firms currently subscribed to the platform, Luminex serves a community of investor-focused asset managers which collectively represents approximately 66% of mutual fund and ETF equity assets under management in the United States. Luminex offers lower trading costs and enhanced transparency of trading protocols and aims to deliver improved portfolio performance to clients with a long-term focus that seek to trade large blocks of stock with other investment managers.
Luminex Trading & Analytics LLC is an independent trading venue that seeks to offer low-cost trading and superior execution quality with minimal information leakage by interacting only with venue-approved participants. Luminex’s collaborative approach intends to improve trust, liquidity, and control, helping buy-side traders execute large block trades with little market impact. The company is guided by a board of directors which includes one representative of each of the nine leading investment managers of the consortium that formed Luminex – BNY Mellon, BlackRock, Capital Group, Fidelity Investments, Invesco, J.P. Morgan Asset Management, MFS Investment Management, State Street Global Advisors, and T. Rowe Price. For more information, visit www.luminextrading.com.
Luminex Trading & Analytics LLC, Member FINRA, SIPC