Appital Reaches $78 Million Deal Milestone On Institutional Trading Platform

Appital’s platform for finding liquidity has just completed its biggest trade ever. The company executed a $78 million trade in European large-cap stocks. This shows how new technology is making a big difference in how big trades are done.

The trade involved stocks from the EURONEXT 100 and STOXX 600 index and was 2.3 times bigger than the usual daily trading volume. It also more than doubled the company’s last record, which was a $30 million trade done on the Turquoise Multilateral Trading Facility (MTF), a European trading platform mostly owned by the London Stock Exchange (LSE).

This Large Transaction Followed Soon After Appital Released A New Feature

This big trade happened only four weeks after Appital launched its new Price Discovery feature. This tool lets traders check for available liquidity, or chances to trade before they commit to buying or selling. The feature also helps trading desks work together without showing their trades to everyone, and it reduces how much their trades affect the market.

Mark Badyra, Appital’s Chief Executive Officer, said the firm’s technology often finds hidden liquidity by actively looking for traders on the other side of the deal.

He explained that this proves there are a lot more chances to trade in the market than what can be seen from live orders. This opens new doors for trading teams to find liquidity and make their trades more smooth.

Since it launched, Appital’s platform has collected $13.5 billion worth of liquidity from traders looking to buy. The orders on the platform are, on average, 1.8 times bigger than what’s traded daily in the market. The platform has handled trade sizes that range from $1 million to as high as $260 million, showing that it can handle both small and large trades.

Appital Partnered With Virtu Financial To Expand Across Europe

Adam Wood, Chief Executive Officer of Turquoise, also shared his thoughts. He said this alliance shows the firm’s promise to bring new ideas to the trading world. The company’s liquidity solutions are helping clients get better results when making trades. He added that both companies are leading the way for institutional investors to feel more confident when trading in large amounts.

A month ago, Appital teamed up with Virtu Financial to grow its reach across Europe and give asset managers access to 21,000 more stocks. This new partnership added Virtu’s POSIT trading platform to Appital’s service, allowing it to reach 24 countries in the European Union.

Appital has also made another important move by connecting its Insights tool with FactSet’s Portware Execution Management System (EMS). This new link allows asset managers using Portware to easily access Appital’s Insights on liquidity through their current system. This makes everything run more smoothly and helps improve how they trade.

The company also added a new feature to its Insights platform called “Appital Trending Equities.” This new feature helps traders spot and create liquidity chances in the market before starting a trade. The goal is to improve the outcome of these trades.