April was another subdued month for bread-and-butter block trades, executed during market hours, but market leader Macquarie Group had an ace up its sleeve.A Liquidnet block report, seen by Street Talk, shows the firm’s trading desk dominated in April, increasing its market share to 17.4 per cent from 14.6 per cent in the previous month and 8.7 per cent in January.
Street Talk understands March and April have been big months for transition desks. Market commentator Richard Coppleson, author of the, put this down to investors repositioning ahead of the June 30 end of financial year, so “expect plenty more”.
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