Liquidnet improves trading in the South African bond market

NEW YORK–(BUSINESS WIRE)–Liquidnet, one of the world’s leading agency brokers, today announced an initiative to integrate South Africa’s largest institutions on its electronic bond trading platform, in partnership with TP ICAP South Africa. South.

The more than 20 local institutions include asset managers and pension funds that account for the majority of global liquidity in rand-denominated local debt. Asset class coverage includes all bonds issued by the South African government, sovereign entities such as ESKOM, TRANSNET and agencies including DEVSA and INDVSA. Today, more than 70% of Liquidnet’s member community is active in emerging markets trading. Thanks to this partnership, they now have access to new liquidity in the South African bond market.

Mark Russell, Global Head of Fixed Income at Liquidnet, said, “Liquidnet continues to excel in bringing market participants together. With 72%* of South African bonds held by domestic investors, we recognize the incredible value these companies will bring to the platform for the benefit of all members of the Liquidnet community. »

Paul Wilson, COO of TP ICAP South Africa, added: “Trade in South Africa continues to evolve into a more diverse international market. For 30 years, we have been one of the best liquidity providers for this market in the country and our partnership with Liquidnet will allow us to deepen our liquidity proposition and improve the service we offer to our customers.

Participants in Liquidnet’s emerging markets business have grown from 90 asset managers in 2018 to more than 390. In addition to hard and local currency emerging market government bonds, coverage also extends to six local markets, including Mexico, Turkey, South Africa, the Czech Republic and Hungary. , and Poland.

* Dept National Treasury, Republic of South Africa, January 2022

About Liquidnet

Liquidnet is a technology-driven global institutional investment network that intelligently connects the world’s investors to the world’s investments. Since our inception in 1999, our network has grown to include more than 1,000 institutional investors who collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets on six continents and seamlessly connects institutional brokers, investment banks, exchanges, alternative trading platforms and a growing list of data and research providers. We built Liquidnet to make the global financial markets more efficient, and continue to do so by adding additional participants, enabling reliable access to trading and investing opportunities, and providing the insights and actionable insights our clients need. need. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc. For more information, visit and follow us on Twitter @Liquidnet.

About TP ICAP Group plc

TP ICAP is one of the world’s leading providers of market infrastructure and data solutions. The Group connects buyers and sellers on the global finance, energy and commodities markets. We are the world’s largest wholesale market intermediary, with a portfolio of businesses that provide brokerage, trade execution, data and analytics and market intelligence services.

© 2022 Liquidnet Holdings, Inc. and its affiliates. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is authorized and regulated by the Financial Conduct Authority in the UK, is authorized by the Financial Sector Conduct Authority in South Africa and is a member of the London Stock Exchange and a remote member of the SIX Swiss Exchange. Liquidnet EU Limited is authorized and regulated by the Central Bank of Ireland and is a remote member of the Warsaw Stock Exchange. Liquidnet Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada and a member of the Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission for Type 1 and Type 7 regulated activities and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Japan Financial Services Agency and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the Australian Securities and Investments Commission as an Australian Financial Services Licensee, AFSL number 312525, and is registered with the New Zealand Securities and Markets Authority as a Financial Services Provider , FSP number FSP3781. Liquidnet Singapore Private Limited is regulated by the Monetary Authority of Singapore as a Capital Markets Services Licensee, CMSL number CMS 100757-1. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc.

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