Appital, the
provider of peer-to-peer price discovery and liquidity sourcing technology, has fully integrated its Insights tool with FactSet’s Portware
Execution Management System (EMS).
This
integration allows FactSet Portware asset management clients to access Appital
Insights liquidity with a single click directly from their EMS.
Appital Insights
Integrated with FactSet Portware EMS
The
integration also introduces a new “Live Watchlist” functionality within the
FactSet Portware EMS. It allows buyside institutions to evaluate the
feasibility of executing larger Average Daily Volume (ADV) orders without
alerting the market, mitigating the risks of information leakage and price
erosion.
FactSet serves
over 206,000 investment professionals worldwide. The company’s multi-asset
class Portware Enterprise EMS aims to assist a wide range of asset managers and
hedge funds, including some of the largest in the industry, in managing the
intricacies and scale associated with contemporary investment practices. The
system incorporates embedded analytics, sophisticated decision support tools,
and modern automation capabilities to support its users.
“Portware
clients will benefit from a synchronized 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
Badyra, the CEO of Appital.
Last year,
Appital and Turquoise, owned by LSEG, launched a collaborative platform called Appital
Turquoise BookBuilder.
Its aim is to help institutional investors in search of liquidity.
Appital Insights Gains
Traction with Buyside Community
Since its
launch in September 2023, Appital Insights has been making waves in the
industry as a first-of-its-kind initiative that unlocks liquidity previously
inaccessible through traditional electronic trading venues.
By
leveraging Appital Insights, buyside traders and portfolio managers can gain
exposure to liquidity events in relevant equities that meet their specific ADV
or pricing thresholds.
Appital
Insights continues to gain traction among the buyside community, amassing $4.0
billion of liquidity since its launch. The
value has doubled since mid-December when the company last reported on its
buy-side liquidity. The platform has facilitated average orders of 2.5 days
ADV, with opportunities ranging from $1 million to $200 million.
“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,” Badyra added.
Growing Adoption Among
Asset Managers
In
addition, more than 40 asset managers representing over $15 trillion in Assets
Under Management (AUM) have already signed up to Insights. An additional 60+
asset managers, managing a further $30 trillion in AUM, are currently in the
onboarding stage. This marks a significant increase from the 22 onboard asset managers when Appital Insights was first launched in August 2023.
In a recent update, Appital
announced that John Coules has joined its business development team. Coules,
with a significant background, spent 17 years as a pan-European equities sales
trader at HSBC, preceded by 13 years at Lehman Brothers. Concurrently, the
company has launched a new feature designed to improve opportunistic liquidity
in the market.
This article was written by Damian Chmiel at www.financemagnates.com.
