Appital Bookbuilding Platform Adds TS Imagine to Growing List of Integrated EMSs

Appital, the Equity Capital Marketplace, has integrated TS Imagine’s multi-asset EMS to the Appital bookbuilding platform, to provide buyside clients with greater access to liquidity. The announcement follows the recent Appital collaboration with executing brokers Instinet and Bernstein, and EMSs FlexTrade and FactSet Portware, in anticipation of Appital’s launch later this year.

Driven by demand from global asset management firms, the TS Imagine EMS integration aims to give buyside traders the opportunity to discover hard-to-find liquidity and execute large orders with minimal market impact or risk of price erosion. With this integration, the flow originated on the Appital platform can be seamlessly executed through TS Imagine’s EMS.

FTX.COM Selects Eventus for Global Trade Surveillance and Risk Monitoring

Cryptocurrency exchange FTX.COM has contracted with Eventus, provider of multi-asset class trade surveillance and market risk solutions, to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all FTX markets globally.

The move represents a substantial expansion of the relationship established late last year, when FTX US chose to deploy Validus for trade surveillance and risk monitoring on the FTX US spot market and on FTX US Derivatives, its licensed cryptocurrency futures and options exchange and clearinghouse.

NowCM and Liquidnet Conduct Successful Simulation of New Issue Workflow

The NowCM Group, digital solutions and infrastructure provider for the primary debt markets, together with Liquidnet, the global institutional investment network, has successfully performed its first simulation of a deal origination and order submission, which involved two leading dealer banks, transaction counsel and a leading European frequent issuer, together with Liquidnet.

The simulation delivered real-time production and negotiation of a complete set of transaction documentation in English and German on NowDocs, NowCM’s documentation platform. The key transaction information and new issue data was shared electronically with Liquidnet’s primary market workflow tools, designed to connect institutional investors to actionable electronic data in the syndication process.

SmartTrade Releases LiquidityFX Next-Generation Platform

Four months after its acquisition of TickTrade Systems, electronic trading platform provider smartTrade Technologies is now releasing a combined LiquidityFX next-generation (LFX-NG) platform, which aims to combine the best of both pre-existing solutions. LFX-NG offers a range of modules, from AI-driven analytics to cryptocurrencies trading through customisable workflows for all client segments. The solution covers spot, forward, NDFs, options, cryptocurrencies and payment routing, and can be deployed either as a full stack or as individual modules.

Higo Bank Selects Tora EMS for Equities Trading

Tora, the order and execution management system vendor recently acquired by London Stock Exchange Group, has been selected by Higo Bank to upgrade their electronic equity trading operations. Higo cited Tora’s Japanese GUI, trade management and position monitoring tools, and a compliance engine set up for Japanese market regulations as key selection criteria. Higo was also keen to invest in a hosted environment platform to reduce their initial IT cost overhead, according to the company.

Colt Offers 10 Gbps Connectivity for AWS Clients in APAC

Colt Technology Services has launched its Colt On Demand cloud connectivity to AWS Direct Connect Hosted services, with speeds of up to 10 Gbps, for customers in Japan, Hong Kong and Singapore. Until now, 10 Gbps connectivity was only available on AWS Direct Connect Dedicated services. This enhancement allows customers can now connect directly to AWS Direct Connect Hosted services without having to use cross-connects, reducing cost and increasing speed of delivery. Customers can also make use of different AWS virtual interfaces (private, public, transit).

FactSet’s Portware Becomes Latest EMS to Integrate with Appital’s Bookbuilding Platform

Appital, the equity capital marketplace, has added FactSet’s Portware EMS to its growing list of integrations, following FlexTrade and Instinet. The integration of Appital’s bookbuilding platform in Portware automates what has traditionally been a highly manual process, while at the same time giving buyside traders the ability to place very large orders or participate in unique liquidity opportunities, according to the company.

Appital is now onboarding asset managers onto its platform in preparation for launch later this year, and has established a working group to help mutual clients define how they want to interact with hard-to-find liquidity, and proactively build books of demand.

Sagard NewGen Enters into Exclusive Negotiations to Acquire Majority Stake in Horizon Software

Electronic trading solutions and algorithmic technology provider Horizon has announced that it has entered into exclusive negotiations with investment company Sagard NewGen, to acquire the majority stake of private equity firm Capza in the company.

Currently serving 70 clients in 26 countries, the Horizon trading platform targets the full needs of a trading floor including market making, agency trading and algorithmic trading. The change in funding aims to bring new capital streams, helping to finance Horizon’s growth strategy on a global scale and to support the adoption of new digital assets classes.

FNZ Partners with Clearstream to Launch Business Intelligence Solution for Asset Managers

FNZ, the global wealth management platform, has entered into a strategic partnership with Clearstream, Deutsche Börse Group’s post-trade services provider, aiming to significantly increase transparency for the UK & European asset management industry through the launch of a new business intelligence solution.

The new solution enabled by FNZ and Clearstream via its Fund Centre capabilities aims to provide asset managers with global and regional intelligence for analysing market trends, understanding behaviour, and improving decision making around fund distribution.

KeyBanc Adopts Bloomberg’s B-PIPE for Fixed Income Electronic Trading

KeyBanc Capital Markets (KBCM) has adopted Bloomberg’s real-time market data feed, B-PIPE, enabling greater automation and accuracy in bond pricing and accelerating automation of bond pricing workflows. B-PIPE will deliver access to comprehensive and consolidated market data content, enabling KBCM to execute real-time analytics and responses within its Investment Grade Credit Algorithm.

With B-PIPE available on-premise or via various public cloud environments, KBCM will take advantage of B-PIPE’s zero-footprint delivery option, eliminating the need to host or manage software.