Liquidnet has launched its EU operations in Dublin to ensure it continues to provide services to its member community based in the European Economic Area (EEA).
Liquidnet began preparations to open an EEA-based presence in early 2017, following the UK invocation of Article 50 to leave the EU. Its new entity in Dublin will act as an agency broker.
Following an extensive evaluation and assessment of alternative locations, the firm chose to establish a presence in Dublin in readiness for Brexit.
Liquidnet has also been authorised by the Central Bank of Ireland as a second Markets in Financial Instruments Directive investment firm and multilateral trading facility operator.
Simon Ormrod, COO of Europe, the Middle East and Africa at Liquidnet, said: “Establishing our presence in Dublin ensures that our EU-based operations continue to give our clients global access to the same unique liquidity, innovation, and execution ecosystem that we currently offer from the UK.”
He added: “In searching for a location for our EU operations, we carefully reviewed a number of jurisdictions in Europe before concluding that Dublin offered the regulatory environment and highly skilled workforce that will enable us to continue to serve our members’ needs and grow our business in the region.”
