Liquidnet adds Indonesian equities trading
Institutional block trading equities marketplace Liquidnet has added Indonesian equities to its pool of listed securities, bringing the number of equity markets available on the platform to 39.
Indonesia is one of the fastest growing emerging market economies in the world. Its commodities and financials-weighted benchmark, the Jakarta Composite Index, gained more than 45 per cent in 2010 and a central bank forecast in September tipped the nation’s economy to see even higher growth in 2011, according to Liquidnet.
Liquidnet also added Malaysian equities trading in November, which has so far seen an average execution size on Liquidnet of US$1.5 million, compared to just US$5,800 on the local Bursa Malaysia exchange in October and November 2010. The average daily liquidity for Malaysian equities in Liquidnet’s pool was US$361 million during December 2010, Liquidnet stated.
Principal traded in 2010 in Liquidnet’s Asia Pacific operations rose 37 per cent year-on year to US$14 billion, the firm stated.
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