Tag: Appital

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.

The broker joins Instinet, which Appital confirmed in January as the first executing broker on its platform.

The pair will create a new channel for execution flow for the buy-side in hard to trade blocks in European stocks.

These participants expect liquidity to be the buzz word of 2022, whether that be aggregation, new liquidity sources or the changing role of electronic liquidity providers.

Over 30 asset managers are currently taking the necessary legal and technical steps to be able to join Appital at launch.

Incoming head brings considerable experience of equity capital markets, data engineering and analytics to Appital, with experience at Credit Suisse and Numis.

The integration meets demands from asset management firms to offer a more efficient and transparent way for the buy-side community to execute large orders.

Recent investment for Appital follows its partnership with LSEG’s Turquoise to launch bookbuilding technology for the buy-side.   

The partnership will see Appital and Turquoise expand the liquidity opportunities and efficiencies available to mutual buy-side clients.