Alternative trading system (ATS) PureStream and OptimX Markets have unveiled a new partnership that will see them collaborate to improve institutional trading workflows.
Armando Diaz and David Barnett
Specifically, the partnership will expand the remit of PureStream’s streaming protocol – which combines parent level liquidity discovery with “undistorted” price discovery of the market – by enabling OptimX clients to access it through the OptimX platform.
“Collaborating with OptimX allows us to extend the reach of our streaming protocol, offering institutions incremental liquidity choices,” said Armando Diaz, chief executive of PureStream.
As part of the deal, mutual broker dealer partners can opt-in to the OptimX platform and leverage streaming to find and facilitate crosses.
“Our partnership with PureStream reflects our dedication to providing clients with innovative solutions that address the complexities of modern trading,” said David Barnett, OptimX founder and chief executive.
“The integration of trajectory crossing technology enhances our platform’s ability to deliver superior execution outcomes.”
The partnership builds on OptimX’s recent integration with Aquis’ Matching Pool (AMP), Barnett added.
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Announced in December, the move allowed Aquis UK members to direct actionable liquidity opportunities to their institutional clients via OptimX Markets. Brokers subscribed to the AMP order book can instruct Aquis via OptimX to deliver liquidity opportunities within the institutional trader’s workflow.
Aquis Exchange picked up a minority stake in OptimX back in August 2023 as it looked to expand its block crossing remit.