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Liquidnet Beckons Program Traders

Traders Magazine, December 2007

Nina Mehta

Ten months after acquiring agency brokerage Miletus Trading, Liquidnet is entering the program-trading business with a premium-priced offering. The carrot it's holding out to buyside portfolio traders is efficient automated interaction with Liquidnet's pool of institutional orders. Buyside portfolio traders can now access Liquidnet's buyside-only crossing network through the firm's LQTS desk. LQTS, short for Liquidnet Quantitative Trading Services, is the renamed suite of Miletus's algorithmic trading products. Versions of LQTS algos now provide integrated access to the Liquidnet pool and Liquidnet H2O's streaming flow from broker-dealers, in addition to executions in the public markets. These algos are called "Supernaturals."

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