Appital, a peer-to-peer price discovery and liquidity sourcing technology for asset managers, has launched Appital Insights, a new tool aimed at unlocking liquidity unavailable via traditional electronic trading venues.
Appital Insights allows buyside institutions to assess the viability of executing larger ADV orders without risking information leakage or price erosion. Additionally, traders and PMs can gain exposure to liquidity events in relevant equities meeting their minimum ADV or pricing thresholds.
Appital Insights expands on existing bookbuilding capabilities via Appital Turquoise Bookbuilder, which has already brought an historically highly manual process into an automated, electronic platform with the ability to execute large volumes on the regulated Turquoise MTF. Appital Insights provides real-time, origination alerts aimed at unlocking cross-border deal flow opportunities for the buyside, ahead of any price formation or deal launch.
Data held within Appital Insights provides automated feedback on live positions and the likelihood of driving liquidity in any relevant name, giving traders and PMs an insight into whether they will find deal contras before they proceed to launching a bookbuild.