Liquidnet?s Local Impact Challenge Offers $150,000 in Grants
Encouraging Use of Social Media to Engage Supporters
Public voting determines which nonprofits become finalists, receiving
grants of $10,000 or more
NEW YORK--(BUSINESS WIRE)--Liquidnet, the global institutional marketplace, today announced that
public voting has begun in Liquidnet?s Local Impact Challenge, which
awards a total of $150,000 in grants to 10 New York City area nonprofits
that are strengthening local communities. Voting takes place at www.justmeans.com/take-action/liquidnetforgood.
Liquidnet employees have already nominated over 25 nonprofits to
participate in the Challenge, which will award 10 grants ranging from
$10,000 to $35,000 to each winning nonprofit organization. Public voting
ends December 1, 2009, at which time Liquidnet employees will add their
votes for the 10 finalists to determine final grant allocation.
Nominated nonprofits are encouraged to use social media ? such as
Facebook® and Twitter® ? to enlist supporters to vote for their cause.
?Our Local Impact Challenge is specifically aimed at strengthening local
communities,? said Seth Merrin, Chief Executive Officer of Liquidnet.
?Many nonprofits that provide vital services are experiencing severe
funding challenges, and we decided to help them address their needs. In
doing so, we are encouraging each organization to use social media to
engage their existing supporters and develop new ones, which is so
critical for nonprofits these days.?
Liquidnet commits one percent of gross revenues each year to Liquidnet
For Good?, the company?s social engagement arm charged with tackling
local and global challenges.
About Liquidnet
Liquidnet is the global institutional marketplace that facilitates
institutional equities trading for institutional investors worldwide. By
giving buy-side traders a first look at a global natural liquidity pool
averaging approximately 7.5 billion shares per day (for the quarter
ended September 30, 2009), Liquidnet consolidates and delivers the
institutional equities market directly to the desktops of 592 buy-side
trading firms (as of September 30, 2009).
Institutional investors use the Liquidnet marketplace to enhance the
quality and speed of trade execution, gain price improvement for their
trades, and, ultimately, lower overall trading costs. Launched in 2001,
Liquidnet now trades in 30 equity markets across five continents.
Participation in the Liquidnet marketplace is open to all market
participants who can meet criteria designed to preserve the integrity of
the platform. Liquidnet is headquartered in New York with offices in
London, Toronto, Tokyo, Hong Kong, Sydney and Singapore. Additional
company information is available online at www.Liquidnet.com.
A registration statement relating to the Class A Common Stock of
Liquidnet Holdings, Inc. has been filed with the SEC, but has not yet
become effective. The Class A Common Stock of Liquidnet Holdings, Inc.
may not be sold nor may offers to buy be accepted prior to the time that
the registration statement becomes effective. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction.
© 2009 Liquidnet Holdings, Inc., and its subsidiaries. Liquidnet, Inc.
is a member of FINRA/SIPC. Liquidnet Europe Limited is regulated by the
U.K. Financial Services Authority and is a member of the London Stock
Exchange. Liquidnet Canada Inc. is a member of IIROC and a member of
CIPF. Liquidnet Asia Limited is regulated by the Hong Kong Securities
and Futures Commission as a licensed dealer and a provider of automated
trading services pursuant to the Securities and Futures Ordinance and is
regulated by the Monetary Authority of Singapore as a Recognised Market
Operator. Liquidnet Japan Inc. is regulated by the Financial Services
Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty
Ltd. is a licensed corporation under the Corporations Act of Australia,
AFSL number 312525.
Liquidnet Media Relations
Joy Russell, 646-674-2239
jrussell@liquidnet.comRead more