Liquidnet and TP ICAP Midcap Team up to Deliver Block Liquidity in Small and Mid-Cap Equities

The institutional trading network and dark pool operator Liquidnet has built a partnership with TP ICAP Midcap, a brokerage firm and specialized investment bank in European Small and Mid-Caps, to increase block liquidity opportunities in European SMEs.

TP ICAP Midcap is part of TP ICAP, UK-based interdealer broker and a world leading liquidity and data solutions provider. Besides, Liquidnet was acquired by TP ICAP in March 2021.

"Finding block liquidity in small and mid-cap names remains a challenge for most asset managers. It's a challenge that often goes beyond simply matching sedol codes in a venue. Our unique global liquidity network combined with our suite of innovative liquidity discovery offerings position us well to help our Members address this. I look forward to combining these capabilities with TP ICAP Midcap's specialist knowledge and liquidity to further reduce the cost of trading for our Members,” said Chris Jackson, Global Head of Equity Strategy and Head of EMEA Equities at Liquidnet.

“We have been specializing in Small and Mid-Caps for nearly a decade and I'm truly excited to collaborate with the Liquidnet team to address this challenge,” Charles-Henri Berbain, Managing Director at TP ICAP Midcap, continued.

Previously, Fazzaco reported that Liquidnet continued enhancing its equities trading application, by introducing new liquidity-seeking alerts​, for the purpose of improving execution and alpha generation. These alerts offer traders the opportunity to quickly avail themselves of liquidity events created by dark blocks and the ability to reengage within the Liquidnet network on missed opportunities to trade.