TS Imagine EMS Integrates with Appital’s Bookbuilding Platform Ahead of Launch
EMS integration automates historically manual processes, unlocking hard-to-find liquidity for the buy-side community
London, 25 April 2022: Appital, the Equity Capital Marketplace, today announced that TS Imagine, a leader in trading, portfolio and risk management solutions, has integrated its award-winning, multi-asset EMS with Appital’s pioneering bookbuilding platform to provide buyside clients with greater access to liquidity.
The TS Imagine EMS integration is a crucial step to developing the necessary market structures to bring Appital’s innovative bookbuilding platform to equity capital markets participants. The announcement follows the recent Appital collaboration with executing brokers Instinet and Bernstein and in anticipation of Appital’s launch later this year.
Appital gives buyside firms exposure to deal flow opportunities often in excess of multiple days ADV, including in highly illiquid, small and mid-cap stocks, with real-time visibility, full transparency and maximum control over the bookbuilding and deal distribution process.
Driven by demand from global asset management firms, the TS Imagine EMS integration will 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.
What’s more, Appital users will be able to execute all deals through the Turquoise MTF, via a single point of access and with seamless straight-through-processing (STP) to over 20 settlement venues.
Andrew Morgan, President at TS Imagine, commented: “Access to liquidity is one of the top priorities for our global asset management clients and we are constantly looking for partners who can provide them with new liquidity discovery opportunities. Appital brings innovation and automation to the market and is an efficient way to unlock valuable liquidity. We are delighted to collaborate with them in preparation for the European launch.”
Mark Badyra, CEO of Appital, said: “As we move closer to launch, we are delighted to integrate with TS Imagine’s EMS and bring a historically highly manual, phone based order flow process, into an automated, electronic platform. Our mission is to provide unique, electronic liquidity discovery and price formation capabilities of illiquid equity positions and enable execution with minimal market impact or risk of price erosion. This latest integration brings us a step closer to achieving our goal.”
Appital is currently onboarding asset managers onto its platform in preparation for launch later this year. EMS providers are able to code new integrations to established, FIX-based protocols for the overall benefit of the buyside community.
Appital, the Equity Capital Marketplace, brings technological innovation and automation to equity capital markets, unlocking and uncovering liquidity for investors. The Appital platform allows the buyside community to gain greater exposure to deal flow and execution opportunities in highly illiquid small and mid-cap stocks, often in excess of multiple days of ADV, with minimal market impact or risk of price erosion.
Appital’s distribution methodology is highly efficient, unbiased and unconflicted, delivering a fair outcome for all market participants. Appital’s buyside community has access to real-time visibility, full transparency and maximum control over the bookbuilding and deal distribution process.
The Appital platform can be integrated into existing OMS and EMS systems and workflows, and the desktop application is also available on OpenFin. For more information please visit our website and follow us on Twitter @AppitalHQ and LinkedIn.
About TS Imagine
Created out of the combination of two best-in-class SaaS platforms, TradingScreen and Imagine Software, TS Imagine delivers trading, portfolio and real-time risk solutions for capital markets. The platform is uniquely positioned to streamline complex and time-consuming workflows across front, middle, and back office functions.
TS Imagine has close to 400 employees in 10 offices worldwide, serving approximately 500 global buy-side and sell-side institutions across North and South America, EMEA, and Asia Pacific including hedge funds, traditional asset managers, pension funds, mutual funds, and financial institutions.
New lows in financial markets, a third pandemic winter on the horizon, signs of a waning economy, an increasingly hostile geopolitical climate, and a pullback in Wall Street spend. For traders, conditions are not getting any easier, any time soon.
The most striking and recurrent theme for buy-side traders is a unanimous desire for better pre-trade analytics and decision support tools.
This summary is based on research conducted between February and March 2021 with 20 banks looking at current trends and priorities for Prime Brokers in the Margin, Collateral and Data areas.