Liquidnet to trade in Malaysia equities

Liquidnet Holdings Inc., an operator of a trading platform for investors to buy and sell large blocks of shares, said it will begin trading of Malaysian equities today to take advantage of the nation’s growing equity market.

The introduction of Malaysian stocks is the eighth country Liquidnet has added in 2010, bringing the company’s global reach to 38 equity markets around the world, according to a statement by the New York-based company. Liquidnet started trading of equities in Israel, New Zealand, Mexico, Poland, Lithuania, Estonia and Slovenia this year.

The Malaysian exchange is handling the most trading since May 2009 after a daily average of 1.66 billion ringgit ($530 million) in stock changed hands in the month ending Nov. 25, according to data compiled by Bloomberg. Turnover for the bourse has risen for the past five consecutive months, the data show. (Source: Bloomberg)