The platform aims to open up the portfolio trading market, allowing equity traders on both the buy and sell side to achieve greater transparency in pricing portfolios.
Accessed through a web-based portal, with the underlying technology hosted in London, the platform works in a similar way to eBay, allowing buy-side firms to auction a portfolio of stocks to selected brokers and choose the best price.
A fee of £100 is paid by firms to host an auction and brokers will also pay participation fees
Also: Trading Technologies is developing an OMS for the sell side and Orbital Insight is embracing a platform-as-a-service model.Subscribe to Weekly Wrap emails
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