Appital Recruits Mike Wharton as Its New Head of Product

Appital, the equity capital marketplace, announced that it has recruited Mike Wharton as its new Head of Product.

Finance Magnates recently learned from a press release that Mike Wharton, a technologist with a background in equity capital markets, has been selected by Appital, a provider of better liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term exposure to buy-side clients, as its new Head of product.

Moreover, Wharton will bear the weight of the company vision to convey innovation and automation in equity capital markets. This will require unlocking and uncovering liquidity for investors to provide them greater exposure to handle flow and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term opportunities.

Additionally, Wharton brings vast experience within equity capital markets, data engineering and analytics. His most recent employment was at Kubrick Group as its Technology Consultant. Here, he drove its teams dealing with a myriad of fintechs to maximise value from their technology and data. These consisted of brokerages, asset managers and insurers.

Appital’s Vision

In addition, Appital’s latest fund round aims to accelerate the company’s technology infrastructure development. Also, it plans to integrate with financial institutions and technology vendors as well as expand its engineering team. Currently, the process is already in action as it previously announced its partnership with Turquoise and the integration with FlexTrade.

The CTO and Co-Founder of Appital, Pete Correia said: “I very much look forward to working with Mike to help define Appital’s technological offering. Building and delivering a product that meets the advanced needs of our clients is central to our goal of bringing technological innovation to equity capital markets.”

“Appital’s vision of better serving equity capital markets through technology is compelling, and I am delighted to be working with Mark, Pete and the rest of the team to make this vision a reality,” Wharton added.

Furthermore, Appital offers liquidity opportunities for buy-side firms and in small and medium cap stocks. This allows the execution of large volumes, with minimal market impact or risk of price erosion.