The agency broker partners with a panel of four market makers, including XTX Markets, to expand access to bilateral liquidity in Europe.

London, 9 September 2025 - Liquidnet, a leading technology-driven agency execution specialist, today announced the launch of a new trading solution designed to support European buy-side traders in accessing bilateral liquidity  more effectively. The initiative integrates access to bilateral liquidity from Liquidnet’s front-end application and  through the firm’s liquidity-seeking algorithmic suite, providing a consolidated and controlled route to interact with  leading liquidity providers.

The launch is supported by partnerships with multiple market makers, including XTX Markets, with additional participants expected to join in the near future. Access via Liquidnet’s infrastructure, though not in the Liquidnet MTF, will allow Members to preserve execution quality, anonymity, and workflow efficiency.

Bilateral liquidity has become an increasingly important component of European equity trading, now accounting for close to 50% of total market volumes according to Liquidnet’s recent Liquidity Landscape report. Yet, access remains  fragmented and opaque. This initiative aims to provide a streamlined and transparent solution for navigating this space.

Gareth Exton, Head of Execution and Quantitative Services, EMEA, at Liquidnet said: 

“The growth of bilateral trading is reshaping how liquidity is accessed in Europe. Our role is to support our Members in responding to these structural changes. By integrating bilateral liquidity into both our front-end application and liquidity seeking algo suite, we’re giving our Members the tools to access meaningful liquidity with confidence and control whilst helping the market making community to extend their reach and better control their risk.”

The new solution includes:

• A new service to allow configurability for both buy-side traders and liquidity providers;
• Mid-price and touch executions via Liquidnet’s liquidity seeking algos and front-end application;
• Anonymous access to aggregated liquidity streams, with configurability for tiered and Member-specific 
  feeds;
• Execution consulting services to help Members determine optimal liquidity sources and timing;
• Monitoring and analytics to track fill rates, information leakage and venue provider performance.
   

This development aligns with Liquidnet’s broader strategy to innovate in execution capabilities that help industry participants solve complex liquidity challenges, and complements recent investments in its proprietary algorithmic platform.

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About Liquidnet    
Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on X @Liquidnet. 

About TP ICAP Group plc   
TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence.   

Media Contact 
Sophonie Robichon | Liquidnet | +44-203-933-0153 | srobichon@liquidnet.com