Hesketh - Leihner HLTP Executes Record Volume in May

Online, May 30, 2011 (Newswire.com) - Hesketh - Leihner announced that its HLTP crossing system achieved record volume, underpined by new functionalities and features enabling clients to leave resting orders within HLTP. This record volume represents a 14% increase compared with May 2010 and provides more opportunity for Hesketh - Leihner clients to achieve price improvement, while minimizing the impact their trades have on the market.
Hesketh-Leihner clients can now anonymously leave orders with HLTP, the firms' trading platform. The new functionality allows clients to interact with streaming liquidity, external liquidity providers and block-level client orders. Clients can place resting orders through, the firms' execution management system, through their own Order Management System.
"The significant volume crossing in HLTP demonstrates that clients are embracing all aspects of our liquidity strategy," said Norton Hwang, Head of Trading Department. "The size and depth of our liquidity pool, as well as our ability to aggregate liquidity from displayed and non-displayed sources, helps clients achieve better execution orders on certain derivatives and index based futures within a volatile market."


"Our strategy ensures clients have the greatest access to liquidity by interacting with Hesketh-Leihner program and block trading desks, as well as liquidity from our clients," said Hwang.
The new HLTP functionality will continue to be enhanced over the next few months in South Korea and globally in the coming year. In European markets, an even greater proportion of trading occurs off order book; so accessing liquidity in an anonymous and systematic way is essential to reducing impact costs. The 'seek and route' liquidity strategy in Europe is similar to that of the East Asia, where HLTP router accesses multiple liquidity providers, in addition to Hesketh-Leihner and exchange liquidity around the world.