May 5, 2017
An award to acknowledge banks and service providers that stand out for their transformative products and solutions. The Global Finance board considered nominations and submissions, key research and the input of experts, and selected LiquidX for our process innovation as an “Electronic Marketplace for Trade Finance and Working Capital.”
By Aarti Rao, Managing Director, LiquidX
LiquidX Inc. is the largest electronic marketplace for the exchange of Trade Finance and Working Capital assets. Through its leading auction-based protocol and technology it provides a transparent market place for the exchange of Trade Finance and Working Capital assets, including receivables and supply chain finance solutions.
An ongoing programme of innovations at the LiquidX marketplace platform is expected to build upon the $500-600m of trade finance assets already traded each month on the electronic marketplace, which has swiftly carved a strong niche in its first year of operation. In its role as a complementary funding source to traditional banking, the New York-based LiquidX has executed over $4.5bn of trade volume since its 1 January 2016 inception, ITF was told in midFebruary by Glenn Kocher, managing director at LiquidX.
Competition in the world of auction-based online platforms has stepped up a notch as new and very different players continue to launch to market. Could this attempt towards standardisation and commoditisation of trade ﬁnance be the model of the future? Shannon Manders reports.
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it has made a strategic investment and entered into a referral, sales and marketing alliance with LiquidX, Inc. (LiquidX), the provider of an electronic exchange platform for global trade finance.
May 5, 2017
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