Seamless execution, elegant workflow

Seamless execution, elegant workflow

Through integration with leading execution management systems (EMS), Appital Turquoise BookBuilder™ automatically provides a single point of access and execution. At launch, it is integrated with EMS providers FlexTrade, FactSet Portware and TS  and executing brokers Instinet and Bernstein, with more EMS providers and executing brokers to follow. There is seamless straight-through-processing (STP) to over 20 settlement venues.

Buyside traders are alerted to relevant liquidity and interact with like-minded institutions in the liquidity and price formation process.

Appital Turquoise BookBuilder™ captures the demand and supply curve, achieving the right price for the respective trade size. The bookbuilding system focuses on minimising price erosion while maximising execution quality.

Following this, Turquoise trading members supporting Appital Turquoise BookBuilder™ are made aware of the liquidity opportunity, and submit trades for affirmation onto the bespoke block trade facility designed by Turquoise.

Execution proceeds via STP to settlement via Turquoise for on-time delivery into the right settlement destination. Post-trade price discovery is broadcast in full compliance with transparency requirements.