Ernst & Young News

Liquidnet Founder and CEO Seth Merrin Wins Ernst & Young's Entrepreneur of the Year Metro New York Award for Financial Services

NEW YORK, July 11 PRNewswire — Liquidnet today announced that its founder and CEO, Seth Merrin, won the Ernst & Young Entrepreneur of the Year Metro New York award in the category of financial services. The award, which recognizes "entrepreneurial leaders and visionaries" who "change the face of industries, create jobs and contribute to the vibrancy of communities," was presented recently at a ceremony in New York City.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080711/NYF035 )

Liquidnet is the global institutional marketplace where more than 500 of the world's largest asset managers execute large block trades efficiently. These institutional investors use the Liquidnet marketplace to enhance the quality and speed of trade execution, gain price improvement for their trades, and, ultimately, lower overall trading costs. These managers trade on behalf of mutual funds and other managed accounts, certain hedge funds and pension and retirement funds. Liquidnet was the first, and currently is the only, electronic trading venue whose customer base is comprised solely of buy-side institutional investors. The system is designed to preserve and protect the trading and other information of members of the Liquidnet community. Liquidnet's patented technology discreetly plumbs the order blotters of buy-side asset managers and collects the indications into a global natural liquidity pool where the buy-side may trade amongst themselves.

About Liquidnet

Liquidnet is an electronic marketplace that facilitates institutional equities trading for asset management firms worldwide. By giving buy-side traders a first look at a global natural liquidity pool of more than 7.5 billion shares per day on average daily, as well as access to liquidity from multiple international market sources, Liquidnet consolidates and delivers the institutional equities market directly to the desktops of approximately 500 buy-side trading firms. Institutional investors use the Liquidnet marketplace to enhance the quality and speed of trade execution, gain price improvement for their trades, and, ultimately, lower overall trading costs. Launched in 2001, Liquidnet now trades in 29 equity markets across five continents. Liquidnet is headquartered in New York with offices in London, Toronto, Tokyo, Hong Kong and Sydney. Additional company information is available online at www.liquidnet.com.

(C) 2008 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is regulated by the U.K. Financial Services Authority and is a member of the London Stock Exchange. Liquidnet Canada Inc. is a member of IDA/CIPF. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and a provider of automated trading services pursuant to the Securities and Futures Ordinance and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is a licensed corporation under the Corporations Act of Australia, AFSL number 312525.

SOURCE Liquidnet

Send this news item to a friend.

Print This Page