Appital’s desktop application now available on OpenFin’s platform

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Equity capital marketplace, Appital, has deployed its desktop application on OpenFin, the OS of finance, today. The platform allows buy-side firms to gain greater exposure to deal flow opportunities they have not been able to access before, thus helping portfolio managers and heads of trading to build a comprehensive base of liquidity including highly illiquid, small and mid-cap stocks.  It is also expected to enable deal participants to uncover and unlock liquidity while providing deal originators with the opportunity to execute large volumes.

Pete Correia, CTO and co-founder of Appital, said, “Building our desktop application on OpenFin is a natural extension of our growth strategy. OpenFin makes the innovation and automation we bring to equity capital markets easy to deploy to the asset management community, who are looking for more efficient and transparent ways to uncover liquidity that is hard to find. The interoperability and integration with existing workflows will further help open up access to equity capital markets and give buy-side firms more control over their book building processes”.

The integration of Appital’s platform with OpenFin requires will benefit deal originators by providing them with a real-time view of the book building activity and platform interactions directly on their desktop.

OpenFin deploys around 1200 applications across 225,000 desktops at 1,500 institutions, in more than 60 countries. It allows the sharing of information, context, and intent with third-party apps in a permissioned manner.

Adam Toms, CEO, OpenFin Europe, said, “Appital brings innovation and automation to an area of equity capital markets that has, so far, remained largely untouched by electronification and we are excited to welcome them to the OpenFin community. They give buy-side firms the tools to control the book-building process, enabling PMs and heads of trading to find liquidity via the Appital platform and execute trades in excess of 5 days ADV. We look forward to seeing the growth of Appital in this important market segment.”