Portfolio and risk management solution provider TS Imagine has integrated its multi-asset execution management system (EMS) with Appital’s bookbuilding platform to provide buy-side clients with greater access to liquidity.
The TS Imagine EMS integration aims to give buy-side traders the opportunity to discover liquidity and execute large orders with minimal market impact or risk of price erosion.
Appital gives buy-side firms exposure to deal flow opportunities, with real-time visibility, full transparency and maximum control over the bookbuilding and deal distribution process.
As part of the mandate, flows originating on the Appital platform can be executed through TS Imagine’s EMS.
Appital users will be able to execute all deals through the Turquoise multilateral trading facility, via a single point of access and with straight-through-processing to over 20 settlement venues.
The announcement follows the recent Appital collaboration with executing brokers Instinet and Bernstein.
Andrew Morgan, president at TS Imagine, comments: “Appital brings innovation and automation to the market and is an efficient way to unlock valuable liquidity. We are delighted to collaborate with them in preparation for the European launch.”
Mark Badyra, CEO of Appital, says: “We are delighted to integrate with TS Imagine’s EMS and bring a historically highly manual, phone-based order flow process, into an automated, electronic platform.
‘Our mission is to provide unique, electronic liquidity discovery and price formation capabilities of illiquid equity positions and enable execution with minimal market impact or risk of price erosion. This latest integration brings us a step closer to achieving our goal.”
