Liquidnet

Liquidnet makes deep pools of liquidity available to their institutional clients. Regulatory requirements stipulate that certain trades must be reported to the regulatory authority. Liquidnet wanted to offer their clients the capability to deal in London listed securities and so contracted with the Landmark Team to provide the necessary off order book trade reporting capability.

Leveraging the secure multi-homed, highly available routing capability of the LANDmark: Order and Trade Management system we installed an assured delivery mechanism for ensuring that LSE related trades were reported within the required timeframe.

With the advent of MiFID, Liquidnet had additional reporting requirements across other European securities. By adding in the interface to connect to BOAT, and embedded the intelligence required to ensure that each trade is reported via the least cost route to an appropriate destination.

Using LANDmark, our clients can be assured that today's regulatory requirements are met while retaining the ability to adapt and extend as regulations change. Additional reporting can be added simply using existing capabilities, while the cost of compliance is managed by cost-performance trade-offs optimised by the system.