Back Office & Operations Technology & Risk Management

Liquidnet extends dark pool to Indonesia


US-based Liquidnet has expanded its dark pool to Indonesia, citing client demand for access to off-exchange equity trading in high-growth emerging markets.

The firm, which provides electronic block trading in listed equities to hedge funds and other institutional investors, cited figures by Indonesia’s central bank which forecasts economic growth of 6.4% in 2011. John Barker, Liquidnet’s head of international operations, noted that the country has “a sizeable equity market, backed by a stable economy and strong growth prospects”.

The move follows the November launch of Liquidnet in Malaysia – where has seen an average execution size of $1.5