Key Highlights:
- Transaction Volume of over $21B since 2016 and $2.7B in Q2-2019
- June volume of $1.5B, LiquidX’s largest volume recorded in a single month and 92% YoY increase
- Volume included Accounts Receivable, Inventory Finance, and Trade Credit Insurance transactions
- Transactions occurred across 9 different governing laws, 20+ different legal jurisdictions and 4 currencies
New York, NY, July 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- LiquidX, the global network for illiquid assets, today announced trading volume reached $2.7B in the second quarter, including a monthly-record volume of $1.5B in June. The network continues to expand in both scope and scale, the record volumes included: transactions across accounts receivables, insurance and inventory; a record number of individual parties transacting; total traded credits of 119; transactions in 4 currencies; and transactions involving 20+ jurisdictions using 9 different governing laws.
“Our clients value the ability to perform transactions across multiple products on the same screen, and that is evident in our results from this quarter. They know that the LiquidX network is able to provide unprecedented access to counterparties around the world to seamlessly facilitate working capital, trade finance and insurance transactions,” noted Glenn Kocher, Managing Director and Head of Sales and Client Services at LiquidX.
LiquidX continued to add to its network of diversified investors, as global banks, credit funds, and asset managers all successfully transacted with LiquidX during the first half of the year. “The second quarter included transactions ranging from $100 to $100M, confirming that the network can handle individual transactions of all shapes and sizes. The power of our network will continue to grow as we onboard new clients and launch additional products in the coming months – we are really excited about what we’re building,” noted Kocher.
About LiquidX
Through its leading technology and diverse network of global participants including major corporations, banks, institutional investors, and insurance providers, LiquidX provides an efficient and flexible platform for participants to transact across the trade finance, working capital and trade credit insurance asset classes in one place. LiquidX has executed over $21B of trade volume and processed $84B in post trade settlements since 2016. For more information about LiquidX, please visit www.liquidx.com.