UNX Catalyst® Partners with Liquidnet to Deliver Next-Generation Block Trading Solution

New integrations for Catalyst trading platform maximize block trading opportunities and give traders greater control over equity trades

Dec 16, 2010, 10:30 ET from UNX LLC

NEW YORK, Dec. 16, 2010 /PRNewswire/ -- UNX LLC (www.unx.com), a leading provider of innovative trading technology solutions, and Liquidnet, the institutional equities marketplace, announced today that UNX has integrated Liquidnet's full suite of electronic trading services and algorithms directly into UNX's broker-neutral Catalyst trading platform. Through this partnership, Catalyst EMS users will now have seamless access to Liquidnet's global liquidity pools.

To further boost execution capabilities, Liquidnet and UNX are collaborating on functionality that provides real-time interaction between the Catalyst EMS trade blotter and Liquidnet's block pools--thus providing traders with unparalleled protection and control of their trading strategies.

"UNX's true broker-neutral, fully extensible and customizable technology will allow us to create the optimal platform for interacting with our block liquidity," comments Alfred Eskandar, Head of U.S. Equities at Liquidnet. "And by using the UNX SDK, we can easily introduce new functionality and trading strategies that will enhance the experience for our Members and program trading clients."

Catalyst's open technology framework and advanced Software Development Kit (SDK) made it possible to introduce such a unique offering directly within an EMS, and will enable Liquidnet to deploy future offerings itself into the Catalyst EMS.

"We're thrilled to work with Liquidnet on introducing ground-breaking functionality not currently available through other trading platforms that goes beyond their patented blotter scrape to provide the block trader with unprecedented order control," states UNX CEO Thomas Kim.

"This is another example of how Catalyst is redefining broker-neutral trading technology by partnering with the institutional trading community to develop meaningful solutions that fit their unique needs," Kim adds.

Liquidnet provides secure and anonymous block trading of equities in 38 international markets. Traders can access an average daily global natural liquidity of US$66 billion and 8.9 billion shares (3Q 2010).  Trades on Liquidnet are on average around 100 times larger than any exchange, lit or dark venue.


Founded in 1999, UNX is an independent trading technology firm and agency broker that provides advanced electronic trading technology for the institutional trading community through its open-architecture platform Catalyst®.   A broker-neutral offering, Catalyst streamlines multi-broker trading workflow and serves as an efficient delivery mechanism for broker-dealers and third-party vendors to distribute and update their offerings to clients.  UNX has offices in New York and Los Angeles.

©2010 UNX LLC Member FINRA/SIPC. All rights reserved.  UNX and Catalyst are registered trademarks of UNX LLC.

About Liquidnet

Liquidnet is the institutional equities marketplace, bringing together the world's largest asset managers and public companies on a single network that directly connects traders, portfolio managers, analysts and corporate issuers. Liquidnet enables its Members to achieve greater performance by moving from investment idea to implementation faster, ultimately retaining more alpha throughout the entire institutional investment cycle.  Launched in 2001, Liquidnet extends to 38 equity markets across five continents.  Liquidnet is headquartered in New York with offices in Boston, London, San Francisco, Chicago, Toronto, Tokyo, Hong Kong, Sydney and Singapore. For more information on Liquidnet, its liquidity, block executions, and additional investment capabilities, visit www.liquidnet.com.