Liquidnet Acquires OTAS Technologies, Fortifying its Trading Platform

Liquidnet, an institutional trading and equities network, has acquired analytics platform OTAS Technologies, part of the group’s ongoing efforts to improve its execution capabilities and buy-side trading decision-making processes, per a group statement.

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OTAS Technologies enables actionable market intelligence and context, which caters to a wide range of institutional traders and portfolio managers. Its industry-leading analytics and market insight will be assimilated into Liquidnet’s Virtual High Touch decision-support Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, ultimately helping foster improved buy-side trader decision making and control mechanisms.

The group was launched back in 2011 and has since forged itself into a next-generation analytics provider, promoting trader intelligence. Presently, more than sixty financial institutions currently access the OTAS platform, including several OMS and EMS providers.

The acquisition comes at a key juncture for the institutional trading landscape, which has been undergoing a rapid metamorphosis as new regulations have shifted responsibility for justifying best execution to the buy side. Ultimately, the dynamic nature of the regulatory playing field has also been complicated due to real-time market dynamics and market fragmentation. The acquisition will help Liquidnet better cater to this changing field.

According to Rob Laible, Liquidnet’s Global Head of Equity Strategy, in a statement on the acquisition: “The biggest challenges we hear from our buy-side Members today center on two things – finding the 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 they need, and being able to sort through vast amounts of market information to access what’s relevant. Our goal with this acquisition is to bring OTAS’s analytics into the Liquidnet platform and deliver market context directly to the trader at the point of execution.”

“The need to fill this void in the trader’s toolkit is further underscored by the added best execution requirements under MiFID II. We believe that a firm that incorporates OTAS analytics and our VHT platform into their trading strategy will be able to show a process and commitment to consistently achieving best execution for each and every order,” Mr. Laible added.

“By joining with Liquidnet, we are helping clients achieve their performance objective by delivering a more complete trader intelligence platform that can help address all parts of the trading process: finding liquidity; measuring potential trade impact; monitoring marketing conditions; and now supporting a best execution strategy on an order-by-order level,” explained Tom Doris, CEO of OTAS Technologies.