Appital expands equity coverage across Europe 03 September 2024UK Reporter: Clelia Frondaroli
Image: Jacki/stock.adobe.com
Appital has added Virtu Financial’s POSIT MTF as an European execution venue, expanding its equity coverage to over 21,000 equities across Europe.
Virtu Financial will also act as an executing broker for client flows on Appital’s BookBuilder platform, with the aim to help clients execute large buy side orders and liquidity discovery.
This addition comes after the integration of Virtu Financial’s Triton Valor EMS with Appital’s BookBuilder platform in April 2023.
Commenting on the expansion, Brian Guckian, chief business development officer at Appital, states: “Our collaboration with Virtu Financial was driven by client demand and provides asset managers with price discovery and execution capabilities in outsized equity positions, within a seamless workflow.”
CEO of Appital, Mark Badyra, adds: “We have now reached a critical mass, as a significant number of large asset managers are onboarded and our platform liquidity has surged in recent months. We are very excited about the collaboration with POSIT and Virtu Financial; it represents yet another milestone in our mission to bring innovation to equity capital markets.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Jacki/stock.adobe.com 