Liquidnet, a buy-side-only non-displayed multilateral trading facility (MTF), set a new record for daily principal traded in Europe on 2 June. The MTF traded £545.24 million, beating its previous one-day record of £520.80 million, set in December 2007.
Meanwhile, German exchange group Deutsche Börse has announced that its Xetra MidPoint non-displayed order book, launched on 24 November last year, achieved an average daily order volume of 12,000 in May, and a peak level of 28,000 orders. The highest daily turnover achieved on the book to date is $40 million. Xetra MidPoint offers automatic execution at the mid-point of the bid-offer spread.
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