Liquidnet: "Anonymous" institutional transactions

[Tyler Durden]

Holy Shit!

I point I made back in the May days was that a Blacknet able to accept 
anonymous trades would really have a major impact on the business world. 
Imagine getting early wind of some acquisition and then you could start 
trading on that? That would eliminate a lot of the bullshit 'arbitrage' such 
deals are often made out of, based on the rest of the world not knowing. For 
the deal to make sense, it could only survive on the basis of really being 
accretive to both companies.

This can't possibly be too anonymous, though. But one wonders if clever 
endpoints might be able to augment Liquidnet's own anonymity a bit!

-TD

>From: "R.A. Hettinga" <rah at shipwright.com>
>To: cypherpunks at al-qaeda.net, cryptography at metzdowd.com
>Subject: Liquidnet: "Anonymous" institutional transactions
>Date: Fri, 3 Dec 2004 18:48:55 -0500
>
><http://www.liquidnet.com/company/>
>
>
>
>	 	The Company
>
>	 	 Why Use Liquidnet
>
>	 	 Membership
>
>	 	 News and Stats
>
>	 	 Careers
>	 	Contact Us
>About Liquidnet :: Senior Management :: Board of Directors :: Liquidnet 
>Europe
>
>
>Liquidnet is successfully redefining institutional trading.
>
>Launched in April 2001, Liquidnet was built exclusively for institutional
>trading. After only three years, we are now ranked as one of the top 14
>largest NYSE institutional brokers and the 15th largest NASDAQ broker*
>respectively. The Liquidnet global community has grown to represent more
>than $6.8 trillion in equity assets under management.
>
>Liquidnet's unique model brings natural buyers and sellers together and
>enables them to anonymously negotiate trades among each other, without
>intermediaries or information leaks. Liquidnet's institutional Members
>trade large blocks of small-, mid- and large-cap stocks easily, efficiently
>and with little to no market impact costs. The result is the
>industry-leading average execution size of more than 42,000 shares since
>inception, with 50% of all executions done at the mid-point and 92% done
>within the spread.
>
>  Liquidnet, Inc. is a registered broker/dealer, headquartered in New York
>City. Liquidnet Europe Limited is regulated by the Financial Services
>Authority and is headquartered in London.
>
>* Based on Plexus Group analysis (03Q3 - 04Q2)
>  November 29, 1999
>Liquidnet Holdings, Inc. founded
>
>January 10, 2000
>Liquidnet, Inc. founded
>
>April 10, 2001
>Liquidnet launches in the United States with 38 Member firms
>
>April 16, 2001
>Liquidnet completes first week of trading with an average execution size of
>86,000 shares
>
>June 12, 2001
>Liquidnet Europe Ltd. founded
>
>October 23, 2001
>Liquidnet executes its 500-millionth share
>
>March 8, 2002
>Liquidnet signs first European Member
>
>April 4, 2002
>Liquidnet executes its one-billionth share
>
>June 3, 2002
>100th Member firm goes live
>
>August 2002
>Liquidnet recognized by Plexus Group as one of the largest institutional
>brokers for NYSE-listed stocks
>
>November 2002
>  Liquidnet recognized by Plexus Group as one of the largest institutional
>brokers for NASDAQ stocks
>
>November 20, 2002
>  Liquidnet Europe launches, providing fund managers with access to six
>global markets - UK, French, German, Swiss, Dutch and US
>
>  December 31, 2002
>  Liquidnet ends year with 136 live Members and completes strongest quarter
>to date, executing 426 million shares
>
>January 30, 2003
>  Liquidnet executes its two-billionth share
>
>October 14, 2003
>  Liquidnet executes its largest single US equities trade to date -- 2.83
>million shares.
>
>November, 2003
>  Liquidnet ranked as the 5th and 10th least expensive trading venue for
>NYSE and Nasdaq stocks, respectively, by Elkins/McSherry.
>
>  December 16, 2003
>  Value traded in Liquidnet since inception reaches $100 billion.
>
>  December 22, 2003
>  Liquidnet breaks its single day record for US volume, executing nearly
>29.5 million shares.
>
>  January, 2004
>  Liquidnet ranked as one of the Top 20 largest NYSE brokers in the Plexus
>Group universe of 1,500 brokers.
>
>  January 21, 2004
>
>
>July 29, 2004
>
>October 21, 2004
>
>
>
>Liquidnet breaks its single day record for US volume, executing more than
>30 million shares.
>
>  Liquidnet brings anonymous block trading to Canada
>
>Liquidnet Honored as the 5th Fastest Growing Private Company in America by
>INC. MAGAZINE and THE fastest growing private Financial Services company.
>
>
>
>
>
>
>--
>-----------------
>R. A. Hettinga <mailto: rah at ibuc.com>
>The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
>44 Farquhar Street, Boston, MA 02131 USA
>"... however it may deserve respect for its usefulness and antiquity,
>[predicting the end of the world] has not been found agreeable to
>experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'