OptimX Markets and BTON have unveiled a new collaboration to deliver AI analytics for European block liquidity.
Daniel Shepherd
As collaboration continues to be a driving force in institutional trading, this move is set to provide the market with a new solution for equity block trading.
BTON will now offer financial institutions a ‘seamless’ way to receive cutting-edge quantitative and qualitative analysis tools.
BTON is AI-powered, developed specifically to assist buy-side trading desks using collaborative data.
The firm claims to help traders execute trading strategies effectively, automating order routing to the most appropriate broker using the most appropriate algorithm.
OptimX, in which Aquis acquired a minority stake last August, is a liquidity management service provider focused on optimising interactions between institutions and their broker counterparties.
“Partnering with OptimX Markets allows us to offer financial institutions a seamless way to deliver cutting-edge quantitative and qualitative analysis tools for European equity block trading,” said Daniel Shepherd, chief executive of BTON, speaking in an announcement on social media.