Appital, , the price discovery and liquidity sourcing platform, has facilitated a record-breaking $78 million transaction in a listed European large-cap equity. The transaction, 2.3 times the average daily volume (ADV), was executed on LSEG’s Turquoise MTF, surpassing the previous largest transaction of $30 million. This milestone comes just weeks after the launch of Appital’s Price Discovery feature within Appital Insights, which allows institutional investors to uncover hidden liquidity and optimise transaction pricing.
Leveraging its innovative platform, Appital proactively sourced liquidity, enabling trading and portfolio management teams to generate large-scale orders. This transaction underscores the success of Appital’s Price Discovery mechanism in transforming how institutional investors approach liquidity challenges, according to the company. With an average order size of 1.8 times ADV, Appital has facilitated transactions ranging from $1 million to $260 million, setting new standards for liquidity discovery in European equity markets.
Mark Badyra, CEO of Appital, commented: “Facilitating a record-breaking $78 million transaction is yet another milestone for Appital and exemplifies how our Price Discovery mechanism is reshaping liquidity management. Our technology consistently uncovers hidden liquidity by proactively sourcing the opposing side of trades, proving there’s far more opportunity available in the market than visible live orders. This unlocks new opportunities for trading teams to generate liquidity and execute more efficient transactions.”
Adam Wood, CEO of Turquoise, added: “We are thrilled to have worked with Appital in setting new benchmarks for liquidity discovery. This collaboration reflects our commitment to driving innovation in the marketplace, offering our clients leading liquidity solutions that deliver better execution outcomes. Together, we are pioneering new ways for institutional investors to trade with confidence in a market for size.”
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