Liquidnet Expands Its AI-Based Trade and Investment Analytics with Acquisition of NLP Leader Prattle

Powerful solution for asset managers to discover actionable insight
from unstructured data

NEW YORK–(BUSINESS WIRE)–Liquidnet, the global institutional investment network, continues its
expansion of its artificial intelligence (AI) investment analytics
platform with the acquisition of Prattle, a leading provider of
automated investment research solutions for portfolio managers, research
analysts, and other financial professionals.

Prattle developed a proprietary Natural Language Processing (NLP) and
Machine Learning (ML) system to produce analytics that measure sentiment
and predict the market impact of publicly available content including
central bank and corporate communications (such as company earnings
calls and press releases). Asset managers can use these analytics to:
understand and anticipate relevant market movement, strengthen
investment theses, and inform trading strategies.

The announcement follows Liquidnet’s recent acquisition of RSRCHXchange,
a marketplace and aggregator for asset managers to consume, discover,
and purchase investment research, and the 2017 acquisition of OTAS
Technologies.

With Prattle’s NLP and data science technology, OTAS’s AI-driven
analytics, and RSRCHXchange’s technology enhanced distribution platform,
Liquidnet’s global network of asset managers will have access to a set
of powerful investment analytics leveraging AI methodologies across both
structured and unstructured data. These tools can revolutionize the way
fund managers source, access, evaluate, and act on market information
and insight to strengthen investment decisions and help generate alpha.

“Prattle is yet another powerful tool for asset managers to discover
actionable insight from the enormous amounts of unstructured data that
is produced throughout the capital markets,” said Brian Conroy,
President of Liquidnet. “This acquisition further supports our goal to
help our Members generate better performance by providing them with the
data they need to create greater conviction in their investment ideas,
and then execute those ideas with speed and efficiency.”

Launched in 2014 by former academics Evan Schnidman and Bill MacMillan,
Prattle currently provides predictive analytics on approximately 3,000
publicly traded companies and 15 central banks. Prattle has the ability
to build and maintain a unique lexicon for any publicly traded company
and central bank, allowing for a searchable repository of corporate and
central bank communications.

“Our proprietary NLP and data science technology are an ideal complement
to Liquidnet’s AI-driven analytics platform, and we’re eager to be part
of its growing Global Investment Network,” said Evan Schnidman, CEO of
Prattle. “We’re looking forward to working closely with Liquidnet to
develop an integrated solution.”

Schnidman and MacMillan will continue to oversee the day-to-day
operations of Prattle, reporting directly to Liquidnet President, Brian
Conroy.

Polsinelli PC served as legal advisor for Prattle, SenaHill Partners
served as financial advisor.

About Liquidnet

Liquidnet is a technology-driven, global institutional investment
network that intelligently connects the world’s investors to the world’s
investments. Since our founding in 1999, our network has grown to
include more than 1,000 institutional investors that collectively manage
$33 trillion in equity and fixed income assets. Our network spans 46
markets across six continents and seamlessly connects institutional
brokers, investment banks, exchanges, alternative trading venues, and a
growing list of data and research providers. We built Liquidnet to make
global capital markets more efficient, and continue to do so by adding
additional participants, enabling trusted access to trading and
investment opportunities, and delivering the actionable intelligence and
insight that our customers need. For more information, visit www.liquidnet.com
and follow us on Twitter @Liquidnet.

© 2019 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is
a member of FINRA/SIPC. Liquidnet Europe Limited is authorized and
regulated by the Financial Conduct Authority in the UK, is licensed by
the Financial Sector Conduct Authority in South Africa, and is a member
of the London Stock Exchange and a remote member of the Warsaw Stock
Exchange. Liquidnet EU Limited is authorized and regulated by the
Central Bank of Ireland. Liquidnet Canada Inc. is a member of the
Investment Industry Regulatory Organization of Canada and a member of
the Canadian Investor Protection Fund. Liquidnet Asia Limited is
regulated by the Hong Kong Securities and Futures Commission for Type 1
and Type 7 regulated activities and is regulated by the Monetary
Authority of Singapore as a Recognized 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 registered with the
Australian Securities and Investment Commission as an Australian
Financial Services Licensee, AFSL number 312525, and is registered with
the New Zealand Financial Markets Authority as a Financial Service
Provider, FSP number FSP3781. Liquidnet Singapore Private Limited is
regulated by the Monetary Authority of Singapore as a Capital Markets
Services Licensee, CMSL number CMS 100757-1.

Contacts

Marisha Mistry, Liquidnet
Global Marketing & Communications
+1-646-674-2248
[email protected]

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