Liquidnet Enhances VWAP Trading With New VWAP Cross Offering

Liquidnet’s VWAP Cross brings pre-market trading capability to Hong Kong, Japan and Australia

HONG KONG--(BUSINESS WIRE)--Liquidnet, a leading technology-driven agency execution specialist, today announced the launch of a new VWAP Cross trading capability allowing pre-market block trading at the full day VWAP price. The new offering includes built-in price protection features to achieve little or no market impact.

The VWAP Cross functionality builds on Liquidnet’s existing VWAP Smart Blocks functionality which allows intra-day VWAP block trading. The new feature provides access to a completely unique source of block-size, pre-market institutional liquidity, hence offering the Liquidnet Member community a significantly improved VWAP performance and minimized market impact.

Tristan Baldwin, Head of Equities Asia Pacific, said: “With a large proportion of trading in Asia Pacific done at the VWAP, we want to provide our Members with new and unique liquidity opportunities to trade at a firmly entrenched benchmark. The VWAP Cross capability is designed for traders to ensure they can utilize this market opening strategy in scale, and with the peace of mind to know that they can still benefit if there are large price movements across a trading day.”

Baldwin added: “Combined with the existing VWAP Smart Blocks functionality, this new logic continues to differentiate Liquidnet as a key provider of the highest quality buy-side liquidity in the region while also offering our international clientele innovative solutions to trade in APAC overnight.”

Rob Cranston, Global Head of Equity Product, said: “Our VWAP offering provides unique value and benefits to users. The VWAP Cross is truly innovative and a great new addition to our product suite, continuing our vision of offering powerful agency execution products backed up by the largest institutional liquidity network in the region.”

Liquidnet’s VWAP Cross can be accessed either via the Liquidnet front end giving transparency and flexibility or the trading desk, offering complete global coverage, regardless of Asia Pacific trader workflow.

About Liquidnet

Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on Twitter @Liquidnet.

About TP ICAP Group plc

TP ICAP is a leading global markets infrastructure and data solutions provider. The Group connects buyers and sellers in global financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence. www.tpicap.com

© 2022 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is authorised and regulated by the Financial Conduct Authority in the UK, is licensed by the Financial Sector Conduct Authority in South Africa, and is a member of the London Stock Exchange and a remote member of the SIX Swiss Exchange. Liquidnet EU Limited is authorised and regulated by the Central Bank of Ireland and is a remote member of the Warsaw Stock Exchange. Liquidnet Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada and a member of the Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission for Type 1 and Type 7 regulated activities and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the Australian Securities and Investment Commission as an Australian Financial Services Licensee, AFSL number 312525, and is registered with the New Zealand Financial Markets Authority as a Financial Service Provider, FSP number FSP3781. Liquidnet Singapore Private Limited is regulated by the Monetary Authority of Singapore as a Capital Markets Services Licensee, CMSL number CMS 100757-1. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc.