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Liquidnet Launches Trading In Mexican Equities

Liquidnet, a US-based institutional investment community, has launched trading in Mexican equities.

According to the company, its members will be able to trade Mexican equities using its platform from June 11, 2010.

This move extends Liquidnet’s market coverage to 36 equity markets across five continents, plus London- and Luxembourg-listed GDRs.

John Barker, head of international for Liquidnet, said: “Latin America has become an increasingly important market for investors and we’re pleased to be one of the first alternative trading venues to enable access to Mexican equities. The trading landscape in the region is changing rapidly as the market looks to attract more liquidity from outside the region.

“The Mexican Government has eyed structural reforms and a strengthening of its framework for macroeconomic and financial stability as a means of increasing the economy’s growth rate and investment potential. Due to its trading relationship, Mexico’s economic potential will be invariably tied to the recovery of the US economy, particularly Mexico’s sizeable manufacturing sector.”

Seth Merrin, founder and CEO of Liquidnet, said: “Our community of buy-side institutions in Europe, the US, Canada and Asia-Pacific is looking to trade in large volumes securely and efficiently across the world, particularly in frontier and emerging markets, which are widely cited as the growth opportunities as we emerge from the market downturn.”