LiquidX, a global network for illiquid assets, has reported that trading volume has surpassed USD23 billion since the company’s inception and that September revenues were up 162 per cent year-over-year.
The network also continued to expand – the number of credits traded over the platform reaching over 200 since inception and 117 in Q3 alone, an increase of 120 per cent year-over-year.
“The power of our network continues to increase, with the addition of new clients, new credits traded, and new products launched,” says Jim Toffey, CEO at LiquidX. “We are very pleased with our growth this year and we’re looking forward to a great fourth quarter to close out the year strong.”
LiquidX is announcing that it strengthened its operational infrastructure by deepening its partnership with global Fintech leader, Broadridge Financial Solutions, a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge, will handle all cash management on the platform.
Toffey says: “LiquidX is excited to partner with Broadridge, as they are a leader in the space and this partnership provides us the scalability and global footprint we require to meet our client’s needs.”
In addition to handling cash management, Broadridge is a strategic partner and significant investor in LiquidX. Toffey continued “this new agreement leverages one of Broadridge’s core strengths, cash management processing, and provides our customers with the peace of mind that their funds are being handled by a company that processes over U.S. USD7 trillion of volume per day.”
