Buy-side dark crossing network Liquidnet’s total principal traded in Europe in Q2 2009 was £13.38 billion, a 30% increase over Q1 and a 21% year-on-year rise. The figure equates to an average daily principal traded of £219.3 million.
“We are delighted with these figures. They clearly show that European institutional investors have a healthy and increasing appetite for block-sized execution and execution quality,” said John Barker, managing director of Liquidnet Europe, in a statement.
Liquidnet Europe’s announcement closely follows fellow European dark pool NYFIX Euro Millennium’s news that its average daily matched value had increased 70% to €82 million in May, from nearly €48 million in December 2008.
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