Peel Hunt will be joining OptimX Markets’ liquidity management platform as a block provider, and scheduled to be launched in the first quarter of 2024.
“Peel Hunt is committed to supporting innovations in our markets that provide greater trading efficiencies for our institutional customers,” said the firm.
Peter McStay, head of OptimX EMEA, said: “Our partnership with Peel Hunt as an early-stage block provider emphasizes their commitment to remain at the forefront of liquidity distribution for their European clients”.
Nishad Vallonthaiel, who joined Peel Hunt from Numis in September as head of electronic and program trading, added: “We have been following the OptimX story for a long time now, we are really excited about the feature set and the likely positive impact this innovation will have on the block trading marketplace in EMEA. Peel Hunt will be a day 1 supporter of OptimX and will be connecting via our proprietary algorithmic channels.”
In November, Liberum T-REX also joined the equities block trading start-up as a liquidity provider, with further brokers expected to be announced in the coming months.
©Markets Media Europe 2023
