Liquidnet has announced a new collaboration with TP ICAP Midcap, a brokerage firm that specializes in European small and mid-sized companies.
Both businesses hope to improve the availability of block trading for small and medium-sized enterprises through their:
- Respective customer base
- Vast knowledge
- Modern technologies.
Global Head of Equity Strategy and Head of EMEA Equities at Liquidnet, Chris Jackson, said:
Finding block liquidity in small and mid-cap names remains a challenge for most asset managers. It’s a challenge that often goes beyond simply matching sedol codes in a venue. Our unique global liquidity network combined with our suite of innovative liquidity discovery offerings position us well to help our Members address this. I look forward to combining these capabilities with TP ICAP Midcap’s specialist knowledge and liquidity to further reduce the cost of trading for our Members.
Recently, Liquidnet entered into a partnership that helps them address the complex liquidity and execution problems that their members face.
Managing Director at TP ICAP Midcap, Charles-Henri Berbain, said:
The lack of research limits investment in SMEs but for many asset managers it is first of all the lack of secondary market liquidity that is the real problem. There is a need to improve secondary market liquidity as a means of boosting investment in SMEs. We have been specializing in Small and Mid-Caps for nearly a decade and I’m truly excited to collaborate with the Liquidnet team to address this challenge.
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