Appital launches new initiative to help buy-side unlock liquidity
Named Appital Insights, the offering allows users to assess how viable the execution of larger orders will be without the risk of information leakage or price erosion.
Named Appital Insights, the offering allows users to assess how viable the execution of larger orders will be without the risk of information leakage or price erosion.
Integration will allow users of Virtu Financial’s EMS to receive Appital liquidity opportunities directly into their workflows and trading infrastructure.
Participants from Torstone Technology, FlexTrade Systems, Tradeweb, Broadridge Trading and Connectivity Solutions, Appital and FINBOURNE Technology predict that investments in technology will continue to increase as we enter the new year.
The past week saw appointments from JP Morgan, Davide Leone & Partners, and Appital, alongside jobs cuts from Berenberg.
New appointment brings over 30 years’ experience to the firm, having previously served at ICAP, Liquidnet, Bloomberg Tradebook and Instinet.
Meet the industry innovators listed for The TRADE’s FinTech of the Year award, in partnership with Instinet. Appital, Capital Markets Gateway (CMG), Enfusion, Genesis Global, OpenGamma and Saphyre are fighting it out for the prize this year.
Algorithmic bookbuilding platform Appital went live last week, after teaming up with Turquoise in July last year - delivering a new peer to peer platform for the buy-side to proactively source new liquidity.
The financing, led by Frontline Ventures, follows a successful funding round last year, bringing the total investment to date to £4.85 million.
By bringing order flow into TS Imagine’s EMS, we are de-risking trading in illiquid equity positions, Appital’s chief executive Mark Badyra told The TRADE.
Integration will provide buy-side traders with more transparent bookbuilding and price formation.