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Brexit drives Liquidnet to trading record in Europe

Buyside trading platform's Emea chief says vote resulted in 'by far the biggest day we have ever had'

Mark Pumfrey, Liquidnet
Mark Pumfrey, Liquidnet

Liquidnet posted its highest-ever European equity trading volumes on the day after the UK's unexpected vote to leave the European Union – propelling the buyside-focused dark pool to record overall volumes in the second quarter.

Liquidnet said it handled European equity trades worth $44.3 billion in the second quarter, up 50% from a year earlier and 9.6% up on the first quarter of 2016, the firm's previous record quarter, when it handled $40.4 billion.

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