Appital

Appital wins “Most Innovative Buy-Side Trading Workflow” at the A-Team Innovation Awards 2024

London, 3 May 2024: We are delighted to announce that Appital won "Most Innovative Buy-Side Trading Workflow / STP" at the A-Team Innovation Awards 2024.

These awards recognise innovative projects and teams across the vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets, with a specific focus on Data Management, Trading Technology, ESG and RegTech suppliers.

Appital developed and built a new buyside workflow to access hard-to-find, block liquidity. The Appital platform allows asset managers to connect with like-minded institutions in the price discovery and liquidity formation process. They can proactively source cross-border liquidity, ranging from large-cap equities to highly illiquid, small and mid-cap stocks, often in multiple days’ ADV.

Appital Insights™, launched in August 2023, redefines how the buyside engage to unlock unique liquidity: asset managers can assess the viability of executing larger ADV orders without alerting the market. Appital Insights™ continues to gain traction, reaching $4.0bn of buyside liquidity since launch, with average orders of 2.5 days ADV and opportunities between $1million and $200million.

Mark Badyra, CEO of Appital, said: “We are thrilled to have won recognition in the industry for our bookbuilding platform. This is a great endorsement of all the work we carried out with many of our industry partners to launch our platform and create a new workflow for the buyside community to access hard-to-find liquidity”.

“I am very proud of our team who have worked tirelessly to deliver on our mission to bring innovation and transparency to equity markets.”

40 asset managers with >$15trn AUM are now signed up, with 60+ more in the onboarding stage, managing an additional $30trn AUM, up from 22 asset managers when Appital Insights™ was first launched.

ENDS

About Appital

Appital, the equity markets technology solution, unlocks latent liquidity and provides enhanced bookbuilding capabilities to institutional investors.

Appital allows the buyside community to gain greater exposure to deal flow and execution opportunities they have not been able to access before and interact with like-minded institutions in the liquidity discovery and price formation process. Asset Managers are able to proactively source cross-border liquidity or interact with natural liquidity that is relevant to them, ranging from large cap equities to highly illiquid, small and mid-cap stocks.

The Appital platform efficiently drives a bookbuilding process, providing institutional investors with opportunities to execute large volumes, often in excess of multiple days of ADV, with minimal market impact or risk of price erosion.

Appital Insights™ allows buyside institutions to gain feedback on the likelihood to launch a successful bookbuild, without alerting anyone within the market or risking price erosion, as well as allowing traders and PMs to gain passive exposure in equities they care about when considering minimum ADV ambitions and/or pricing thresholds.

Appital’s deal distribution methodology is highly efficient, unbiased and unconflicted, delivering a fair outcome for all market participants. Members of Appital’s buyside community have access to real-time visibility, full transparency and maximum control over the bookbuilding and deal distribution process.

The Appital platform is easy to access, embedded and integrated with leading EMS providers, and executing brokers Instinet and Bernstein. Deals are executed through the Turquoise MTF, via a single point of access and with seamless straight-through processing to over 20 settlement venues. For more information please visit our website and follow us on Twitter @AppitalHQ and LinkedIn.