Appital introduces new price discovery functionality
29 August 2024 UK
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Appital has launched new functionality designed to simulate liquidity at market levels amongst buy side clients.
The new functionality, called Price Discovery in Appital Insights, is said to enable investment teams to give feedback on live orders and gain insights on potential pricing and volume prior to ordering or launching a bookbuild.
The company states that this will allow for opportunistic liquidity discovery and increase the likelihood of bookbuild success, while minimising the risk of price erosion.
Chief business development officer at Appital, Brian Guckian, comments: “[Our clients] can pick their counterparts, expose a potential deal to them, and get feedback on volume and pricing, before deciding to go ahead with a bookbuild. This is a new and unique workflow that gives clients full control over the book-building process”.
Mark Badyra, CEO of Appital, adds: “I believe that illiquidity issues can be solved globally by bringing technological innovation into the equity market and providing functionality to the buyside. With Price Discovery in Appital Insights, firms are able to generate orders that would otherwise not exist, resulting in increased deal flows and liquidity events.”
The new functionality, called Price Discovery in Appital Insights, is said to enable investment teams to give feedback on live orders and gain insights on potential pricing and volume prior to ordering or launching a bookbuild.
The company states that this will allow for opportunistic liquidity discovery and increase the likelihood of bookbuild success, while minimising the risk of price erosion.
Chief business development officer at Appital, Brian Guckian, comments: “[Our clients] can pick their counterparts, expose a potential deal to them, and get feedback on volume and pricing, before deciding to go ahead with a bookbuild. This is a new and unique workflow that gives clients full control over the book-building process”.
Mark Badyra, CEO of Appital, adds: “I believe that illiquidity issues can be solved globally by bringing technological innovation into the equity market and providing functionality to the buyside. With Price Discovery in Appital Insights, firms are able to generate orders that would otherwise not exist, resulting in increased deal flows and liquidity events.”
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