Liquidnet, a leading technology-driven agency execution specialist, has introduced a new trading solution to enhance European buy-side traders’ access to bilateral liquidity. Announced on September 9, 2025, this initiative integrates seamless access through Liquidnet’s front-end application and liquidity-seeking algorithmic suite, offering a transparent and efficient way to connect with leading market makers, including XTX Markets.
Liquidnet launches solution for European buy-side bilateral liquidity access.
Partners with four market makers, including XTX Markets, with more to join.
Bilateral liquidity accounts for nearly 50% of European equity trading volume.
Offers anonymous access, mid-price executions, and advanced analytics.
Enhances execution quality, anonymity, and workflow efficiency.
Aligns with Liquidnet’s strategy to solve complex liquidity challenges.
The new solution addresses the growing importance of bilateral liquidity, which now constitutes nearly 50% of European equity trading volume, according to Liquidnet’s Liquidity Landscape report. Despite its significance, access remains fragmented and opaque. Liquidnet’s platform integrates bilateral liquidity into its front-end application and algorithmic suite, providing a consolidated route to interact with liquidity providers. “The growth of bilateral trading is reshaping how liquidity is accessed in Europe,” said Gareth Exton, Head of Execution and Quantitative Services, EMEA, at Liquidnet. “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.”
Liquidnet has partnered with four market makers, including XTX Markets, to support this initiative, with plans to onboard additional participants. The solution operates outside Liquidnet’s Multilateral Trading Facility (MTF), preserving execution quality, anonymity, and workflow efficiency. This partnership-driven approach ensures buy-side traders can tap into reliable liquidity sources while market makers extend their reach and manage risk effectively.
The solution offers a range of features tailored to buy-side traders’ needs, including configurable liquidity streams, mid-price and touch executions, and anonymous access to aggregated feeds. It also provides execution consulting services to optimize liquidity sourcing and timing, alongside monitoring and analytics to track fill rates, information leakage, and venue performance. These tools empower traders to navigate the complexities of bilateral liquidity with precision and transparency.
This launch aligns with Liquidnet’s broader strategy to innovate in execution capabilities, complementing recent investments in its proprietary algorithmic platform. By addressing the fragmented nature of bilateral liquidity, Liquidnet strengthens its position as a leader in solving complex liquidity challenges, enabling buy-side traders to operate more effectively in Europe’s evolving equity markets.
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.
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.
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