New York, NY, Feb. 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- LiquidX, the global network for illiquid assets, transacted a record $7.4 billion in 2018, as year-over-year trading volume soared 40%. The platform handled four times as many unique credits during the year, as it did previously.
“Our clients transacted hundreds of different credits in 2019, while using multiple structures across 25 different legal jurisdictions,” said Glenn Kocher, Head of Sales and Client Services at LiquidX. “Whether you are a corporate treasurer, a bank or an institutional investor, having that scope of execution in one place is extremely powerful.”
Novelis, the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum, is one of the new users added to the LiquidX network in 2018. Randy Miller, Vice President and Treasurer at Novelis said this: “The platform provides us with an efficient working capital solution which has significantly reduced our financing costs.”
Building on its continued momentum, LiquidX will unveil even greater capabilities in 2019, as it expands its role as the global credit network for illiquid financial assets.
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 and working capital asset class in one place. LiquidX has executed over $16 billion of trade volume and processed $65 billion in post trade settlements since 2016. For more information about LiquidX, please visit www.liquidx.com.