Liquidnet, a technology-driven agency execution specialist, today introduced Meridian, the next evolution of its algorithmic execution offering for institutional investors.

Meridian is Liquidnet’s algorithmic execution suite, bringing together its algorithms, liquidity access, analytics and execution expertise, including AI-enabled tools, under a single proposition.

The suite combines Liquidnet’s algorithms with access to the firm’s approximately $100 billion dark pool, more than 166 external lit and dark venues, and a growing network of bilateral liquidity providers across 56 countries.

The introduction of Meridian supports Liquidnet’s strategy to grow its global equities business through its algorithmic execution offering. While Liquidnet is widely recognised for its block trading franchise, Meridian provides a clear identity for an algorithmic execution offering that has been developed and refined over several years, strengthening its ability to compete for a greater share of institutional algorithmic trading flow.

Meridian supports orders of all sizes against trading benchmarks including Implementation Shortfall (IS), VWAP, POV and MOC. The suite combines algorithmic execution with advanced transaction cost analysis, quantitative services, execution consulting and AI-enabled tools designed to help clients evaluate performance and optimise execution outcomes.

Mark Govoni, CEO of Liquidnet, said:

“Liquidnet has built a strong reputation helping institutional investors execute large and complex block trades. At the same time, we have invested significantly in our algorithmic execution capabilities and developed an offering used by clients globally. Meridian gives those capabilities a distinct identity in the marketplace, creating a clearer proposition for clients and strengthening our position in institutional algorithmic trading.”

Chris Jackson, Global Head of Equities, said:

“Institutional investors need efficient access to liquidity, greater control over execution and the flexibility to navigate increasingly complex market structures. Meridian combines sophisticated algorithms, advanced analytics, differentiated liquidity and execution expertise to help clients achieve their trading objectives while maintaining the transparency and service they expect from Liquidnet.”

Meridian is available to its global network of more than 1,100 Members through EMS/OMS integrations, FIX connectivity, the Liquidnet App and direct access to Liquidnet’s trading desk.