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Forge Launches OMS for Institutional Trading in Private Markets

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Forge Global Holdings, the infrastructure, data services, and technology solutions provider, has publicly released Forge Pro, a trade order management system (OMS) specifically designed for institutional investors trading in private company securities.

As the interest in private markets grows among institutions, Forge Pro aims to make private market data more accessible while providing investors with the data and technology required to efficiently manage transactions.

James Brooks, Chief Product and Chief Commercial Officer at Forge, commented: “The growing number of institutional investors allocating into this asset class require sophisticated trading solutions. We believe Forge Pro brings together comprehensive data and order management capabilities in one powerful platform to meet these needs.”

Forge Pro is designed to enable investors to confidently place bids or offers on private shares, with secure transactions facilitated on Forge, the private market trading platform. Features of the new OMS include order creation with share class specification, a live order book displaying bid/ask prices and market spreads, trade status tracking, and customisable roles, restrictions, and permissions for firm employees.

“Our investment team has long utilised Forge’s private market data to help inform our investment decisions,” commented Christian Munafo, Chief Investment Officer and Portfolio Manager at Liberty Street Advisors, one of Forge Pro’s early users. “Through Forge Pro, we have access to an additional layer of proprietary market data which can be used to help monitor secondary transaction activity as well as input and update orders.”

The successful onboarding of over fifteen customers on Forge Pro underscores Forge’s role in catering to institutional investors and highlights the robust demand for innovative technology in the private markets sector.

“This is a major milestone in Forge’s technology strategy and in our ability to deliver the highest quality data and cutting-edge trading solutions into the hands of our institutional clients,” said Kelly Rodriques, CEO of Forge.

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