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Liquidnet opens Dublin office to mitigate Brexit

Dublin, Ireland - February 2, 2019: The dome of the Custom House, a neoclassical styled public building in the centre of Dublin, on the banks of the River Liffey. Originally constructed in 1791, it was built to the design of James Gandon. Its purpose was to house government excise officers, policing trade arriving and departing from Dublin Port. It was decorated by sculptures by Edward Smyth. The statues on the pediment are of Mercury, Plenty, Industry (with a bee-hive) and Neptune, representing together 'Plenty and Industry'. In 1921 it was burnt down by the Irish Republican Army and then rebuilt in 1928, once Ireland secured independence from Britain. Today it houses Ireland's Department of Housing, Planning and Local Government.

Liquidnet, the global institutional investment network, has opened EU operations in Dublin to mitigate the impact of Brexit.

Liquidnet EU, located in Dublin’s International Financial Services Centre, has been authorised by the Central Bank of Ireland as a MiFID II investment firm and MTF operator. This new entity acts as an agency broker, ensuring Liquidnet continues to provide services to its Member community based in the European Economic Area (EEA).

Liquidnet began preparations to open an EEA-based presence in early 2017, following the UK invocation of Article 50 to leave the EU. As a result, and following an extensive evaluation and assessment of alternative locations, the firm chose to establish a presence in Dublin in readiness for Brexit.

“It is vital that we continue to provide services to all our European clients, which include some of the world’s biggest institutional investors following Brexit,” said Simon Ormrod, chief operating Officer, Liquidnet EMEA.

“Establishing our presence in Dublin ensures that our EU-based operations continue to give our clients global access to the same unique liquidity, innovation, and execution ecosystem that we currently offer from the UK.”

David Robinson

David Robinson is the editor of Expert Investor. He has 18 years’ experience as a business journalist and editor. In the past he has written for the Guardian newspaper and The Telegraph, and worked as...

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