Appital Insights is now fully integrated with FactSet’s Portware execution management system (EMS), enabling the latter’s asset management clients to access Appital Insights liquidity easily within their EMS.
FactSet Portware EMS has also made a new functionality available, ‘Live Watchlist’, allowing buy-side institutions to assess the viability of executing larger ADV orders without alerting the market.
Appital Insights went live in September 2023, helping unlock liquidity unavailable through traditional electronic trading venues. The offering allows buy-side traders and portfolio managers to gain exposure to liquidity events in relevant equities that meet their minimum average daily volume (ADV) or pricing thresholds, alongside being able to execute large or illiquid equity trades before entering the market via Appital Turquoise BookBuilder.
Read more: Appital launches new initiative to help buy-side unlock liquidity
“Portware clients will benefit from a synchronised and dynamic update of their ‘Live Watchlist’ in Appital, allowing them to assess the viability of executing larger ADV orders without risking information leakage or price erosion,” said Mark Badrya, chief executive of Appital.
“Asset managers expose orders to Appital Insights without fear of signalling to the market because there is no matching or execution at this level of platform interaction. They know that Appital Insights does not impact ‘on-screen’ prices and they retain full control of the order.”
According to the business, 40 asset managers with more than $15 trillion AUM are now signed up – with over 60 in the onboarding stage – up from 22 asset managers in August 2023, when Appital Insights was first launched.