Appital Insights has fully integrated with FactSet Portware EMS, allowing the latter’s buy-side clients to access Appital Insights liquidity. Appital CEO Mark Badyra spoke to Global Trading to share more about the partnership.
Speaking to Global Trading, Mark Badyra, CEO of Appital, explained the motivation behind the project. “The integration enables asset managers using FactSet’s Portware EMS to access Appital Insights liquidity via their existing execution management system. This is very much a client-driven development; buy-side firms have been asking for this functionality to be part of their daily workflows.”
FactSet Portware EMS has recently added a Live Watchlist functionality to its platform, allowing buy-side firms to determine the viability of executing larger ADV orders without alerting the market.
This complements Appital Insights’s offering, which allows buy-side institutions to gain feedback on the likelihood of a successful bookbuild without alerting others in the market or risking price erosion. Traders and portfolio managers can also use the platform to gain passive exposure in chosen equities, with consideration to minimum ADV ambitions and pricing thresholds.
Large or illiquid equity trades can then be executed using Appital Turquoise BookBuilder.
“We expect Appital platform liquidity to increase as a result [of the integration],” Badyra concluded.
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