BOSTON--(BUSINESS WIRE)--Luminex Trading & Analytics LLC, a buy side owned trading venue delivering low cost and more efficient trading, today announced that it has been named Best Emerging Equity Trading Platform by Markets Media at the fifth-annual Markets Choice Awards, which were held at the Edison Ballroom in New York City on April 19.
Markets Media provides content and hosts conferences related to institutional trading and investing. The annual Markets Choice Awards recognize leaders across the institutional buy side and sell side, including exchanges, sell side trading desks, institutional asset owners, investment managers and technology providers.
Jonathan Clark, CEO of Luminex, commented, “We are proud and honored to have been selected once again as the recipient of a prestigious Markets Choice Award. Recognition by our industry colleagues means a great deal to us, as we have worked diligently to ensure our clients receive the most efficient and effective trading experience possible. The win is an endorsement of the Luminex mission and an acknowledgement that the buy side community can continue to work together to deliver an innovative, transparent and collaborative solution to our customers in the years ahead.”
To determine the award recipient, Markets Media first conducted 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, it conducted online polling and determined winners based on feedback from readers of Markets Media and Traders Magazine, as well as editorial interviews with leaders in financial markets and its MCA Advisory Board.
With 172 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 disruptively low trading costs and reduced information leakage and aims to increase trust and allow clients to retain alpha in their portfolios.
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 was formed by and is guided by a consortium of nine leading investment managers – 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
*Source: Strategic Insight Simfund/DI Desktop. As of 01/2016