Appital expands European equity coverage through addition of Virtu Financial’s POSIT MTF
The move will provide buy-side firms with execution capabilities for more than 21,000 equities across 24 European countries.
The move will provide buy-side firms with execution capabilities for more than 21,000 equities across 24 European countries.
New offering is intended to allow buy-side traders to access liquidity at market levels, or outside of the spread, before committing to a bookbuild.
Full integration will allow FactSet Portware buy-side clients to access liquidity from Appital Insights directly via their EMS.
The past week saw appointments across equity sales, business development, fixed income and product.
Incoming individual previously spent 17 years at HSBC and also served at Lehman Brothers for 12 years.
Named Appital Insights, the offering allows users to assess how viable the execution of larger orders will be without the risk of information leakage or price erosion.
Integration will allow users of Virtu Financial’s EMS to receive Appital liquidity opportunities directly into their workflows and trading infrastructure.
Participants from Torstone Technology, FlexTrade Systems, Tradeweb, Broadridge Trading and Connectivity Solutions, Appital and FINBOURNE Technology predict that investments in technology will continue to increase as we enter the new year.
The past week saw appointments from JP Morgan, Davide Leone & Partners, and Appital, alongside jobs cuts from Berenberg.
New appointment brings over 30 years’ experience to the firm, having previously served at ICAP, Liquidnet, Bloomberg Tradebook and Instinet.