TS Imagine, a trading, portfolio and risk management solutions provider, has integrated its multi-asset execution management systems (EMS) with Appital’s equity book building platform ahead of its launch in Europe later this year.
Appital is currently onboarding asset managers onto its platform which aims to increase transparency to the equity markets and give buy side institutions access to deal flow opportunities often in excess of multiple days average daily volume in highly illiquid, small and mid-cap stocks, with real-time visibility, full transparency and maximum control over the book building and deal distribution process.
The integration will not only provide buy side clients with access to this hard-to-find liquidity but also the ability to execute large orders with minimal market impact or risk of price erosion.
“Access to liquidity is one of the top priorities for our global asset management clients and we are constantly looking for partners who can provide them with new liquidity discovery opportunities,” said Andrew Morgan, president at TS Imagine.
Mark Badyra, CEO of Appital, added, “As we move closer to launch, we are delighted to integrate with TS Imagine’s EMS and bring a historically highly manual, phone-based order flow process, into an automated, electronic platform.
Our mission is to provide unique, electronic liquidity discovery and price formation capabilities of illiquid equity positions and enable execution with minimal market impact or risk of price erosion. This latest integration brings us a step closer to achieving our goal.”
Appital also struck a similar integration deal with FactSet’s Portware Enterprise EMS.
Instinet is set to be the first executing broker while its partnership with the London Stock Exchange Group (LSEG)’s Turquoise will offer users access to straight-through-processing (STP) to around 20 settlement venues.
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