Trade Volume Hits $1.9 Billion on LiquidX in First Quarter
Global Network Adds Sellers, Assets, Liquidity, Cross-Border Capabilities
New York, NY, April 19, 2018 (GLOBE NEWSWIRE) -- LiquidX, the global network for illiquid assets, today announced trading volume reached $1.9 billion in the first quarter, as the company rapidly expanded its roster of corporations, assets, liquidity providers, and cross-border capabilities. Trading volume was up 50% year-over-year, while the number of transactions handled by LiquidX rose 88%.
“Market participants are increasingly discovering the power of operating through a global network such as LiquidX, as they look to more efficiently connect and transact with multiple counterparties in one place” commented Glenn Kocher, who heads global sales at LiquidX. “Our platform empowers major corporations, banks, insurers, asset managers and hedge funds, and is designed to offer each participant the flexibility to leverage our leading technology in order to grow their business and to reduce their costs.”
LiquidX expanded its network of corporate participants in the first quarter to include additional Commodity Traders, Oil & Gas Companies, Equipment Manufacturers and other Diversified Industrials, Healthcare and Technology Companies. New investors started utilizing the platform as well, including Global Asset Managers and Global Banks in Europe, Latin America, Asia and the United States. The number of cross-border transactions tripled in the first quarter, as LiquidX continued to expand its multi-jurisdictional legal framework to include several new countries.
“In addition to the increase in cross-border transactions, we’re seeing a continued build-out of the type of assets transacted on platform,” said Mr. Kocher. “During the first quarter, our platform facilitated transactions across the working capital asset class, including supply chain and true sale inventory transactions, in addition to account receivables, as we continue to respond to our clients’ demand for increased operating leverage through asset class expansion”
Through its leading technology and diverse network of global participants including major corporations, banks, institutional investors, and insurance providers, LiquidX provides an efficient and flexible platform for participants to transact across the trade finance and working capital asset class in one place. LiquidX has executed over $11 billion of trade volume and processed over $46.5 billion in post trade settlements since 2016. For more information about LiquidX, please visit www.liquidx.com
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