Liquidnet, an institutional investment firm, has posted a 24% year-on-year growth in institutional trading volume in Australia against a 9% year-on-year growth for the total equities trading volume in the Asia Pacific region, the company said in the 2019 full year results announcement.
According to Liquidnet, the growth was largely driven by the company’s enhanced technologies, with an improved performance underpinned by 51% year-on-year growth across the execution and quantitative services desk being additionally strengthened by execution desk hires in both Australia and Hong Kong.
Following this, the South-east Asian markets of Singapore and Indonesia saw increases of 35% and 26%, respectively, the firm said.
“The strategy we have executed on has ensured this success – both in terms of investment in our technology as well as our people,” Liquidnet’s managing director, Asia Pacific, Lee Porter, said.
“The challenges across 2019 for global markets have been plain to see, ongoing trade tariffs, sustained Brexit uncertainty combined with an unresolved political impasse in Hong Kong – far form ideal conditions for institutional equity investors.
“Uncertain times typically see a ‘flight to quality’ and our trading milestones for 2019 reflect this desire for seamless market connection driven by our enhanced trading technologies.”