Joanna Nader , group head of strategy , TP ICAP
was a key driver in TP ICAP ’ s decision to acquire the platform .
“ When we first started looking at Liquidnet , it was clear that they had already done a lot of the hard work in terms of onboarding major global asset managers for credit , and getting the required OMS / EMS connectivity , which addresses the major barrier to entry – a connected network of participants ,” Nader says .
“ Building that level of connectivity organically would have taken us many years , and we would have risked missing out on some of the market
" We do not want to jeopardise the trust that Liquidnet ’ s clients have in the ecosystem . Buy-side traders may be surprised to know that dealers are just as sensitive ."
JOANNA NADER , GROUP HEAD OF STRATEGY , TP ICAP opportunities that we are so excited about . We now want to use our close relationships with the dealers to provide further liquidity sources to that ecosystem and give users have a wider range of transaction options .”
Over 500 buy-side clients access Liquidnet ’ s fixed income liquidity pool for client-to-client trading . It is one of the largest pools of buy-side corporate bond liquidity , boasting average trade sizes that are between five and 10 times higher than other platforms and buy-side daily liquidity of around $ 13 billion . Liquidnet ’ s blotter sync technology , which provides a unique level of insight into the order lifecycle and trader blotters ,
36 // TheTRADE // Summer 2021