Liquidnet

In the first half of 2026, Liquidnet's US block trading ecosystem delivered the largest average institutional-sized executions in Tier 1 securities, according to FINRA data. Over this period, we executed more than 42,000 block trades, delivering $90bn in total executed notional and nearly 40bps in average execution savings. These results demonstrate the continued value of block liquidity for institutional investors seeking to execute size while reducing costs, market impact, and information leakage within a trusted trading environment. We are grateful to our network of more than 1,100 buy-side firms whose continued participation makes these outcomes possible. Thank you for your trust and partnership.

Liquidnet's US block trading ecosystem delivered significant execution size in the first half of 2026, highlighting the continued demand for block liquidity among institutional investors. According to FINRA data, we delivered the largest average execution size in Tier 1 securities, executing more than 42,000 block trades, $90 billion in notional value, and nearly 40bps in average execution savings. Thank you to our network of more than 1,100 buy-side firms for their continued trust and partnership.

According to FINRA data, Liquidnet's US block trading ecosystem delivered the largest average institutional-sized executions in Tier 1 securities during the first half of 2026. Over that time, we executed more than 42,000 block trades, representing $90bn in total executed notional and nearly 40bps in average execution savings. This data reinforces the importance of block liquidity for institutional investors looking to trade size efficiently while reducing costs, market impact, and information leakage. We're grateful to our community of more than 1,100 buy-side firms whose continued trust and partnership help make these achievements possible.

From June, ESMA joins the FCA in allowing CSA-style research payments. Is your global commission management programme ready?

Capital markets research is being redefined. With the new UK MiFID II’s unbundling rules now live and EU reforms due mid-2026, asset managers are being called to rethink how they pay for research, balancing cost efficiency with the transparency and control regulators demand. AI is accelerating the shift, automating routine research outputs and prompting a reassessment of what truly constitutes differentiated insight. As budgets tighten, data costs rise, and governance demands grow, firms should embrace tech-enabled intelligence built for today’s complexity. Download our Rethinking Research Payments whitepaper and contact us to learn more about our Commission Management Services, including CSAs and Aggregation solutions, as well as the latest industry developments.

Research in capital markets is being redefined. With the new UK MiFID II’s unbundling rules now live and EU reforms due mid-2026, asset managers are being called to rethink how they pay for research, balancing cost efficiency with the transparency and control regulators demand. AI is accelerating the shift, automating routine research outputs and prompting a reassessment of what truly constitutes differentiated insight. As budgets tighten, data costs rise, and governance demands grow, firms should embrace tech-enabled intelligence built for today’s complexity. Download our Rethinking Research Payments whitepaper and contact us to learn more about our Commission Management Services, including CSAs and Aggregation solutions, as well as the latest industry developments.