Specifically, the offering is for brokers subscribed to the Aquis Matching Pool (AMP) order book which can instruct Aquis (through OptimX) to “deliver liquidity opportunities seamlessly within the institutional trader’s workflow”. 

Aquis Exchange picked up a minority stake in OptimX back in August 2023 as it looked to expand its block crossing remit.

The deal was completed as part of a consortium which also included Deutsche Boerse Group’s DB1 Ventures.

At the time, the deal was highlighted as particularly complimentary of Aquis’ AMP. 

Alasdair Haynes, Aquis’ chief executive officer, said: “The investment in OptimX is a significant opportunity for Aquis, adding additional connectivity to our successful dark pool (the Aquis Matching Pool) and providing clients with the ability to cross large blocks. 

“This alongside Aquis’s growing functionality will further enhance the range of execution options available to our members.” 

Read more: Aquis launches dark pool into Europe 

Earlier this year, Aquis Markets launched conditional order functionality across the UK and EU platforms, wherein members using the functionality send an ‘indication of interest’ (IOI), and are then met with a ‘firm-up invite’ in the event of a potential match – all performed on AMP. 

The offering was said to allow users to avoid the risk of over-trading while posting the same liquidity on multiple venues simultaneously.

The post Aquis and OptimX unveil new dark trading solution appeared first on The TRADE.

BMO will now offer a range of trading opportunities tailored to their institutional client base through OptimX.

“BMO has been at the forefront of delivering cutting-edge trading technology to its global clients,” said Peter McStay, head of OptimX EMEA.  

“We are thrilled to partner with a leading European broker and are eager to expand this collaboration across global markets in the near future.”

The two firms noted that the strategic partnership meets increasing demand from institutional traders for a centralised technology that provides improved access to significant liquidity.

Watch now: BMO Capital Markets on the success of their collaborative approach

“We welcome the opportunity to expand our partnership with OptimX and deliver an opportunity to help facilitate blocks for our institutional clients,” said Mike Green, managing director, chief operating officer, EMEA electronic trading at BMO Capital.

The post BMO Capital and OptimX Markets partner to deliver flow in European markets appeared first on The TRADE.

Michelle Butler joins OptimX to head up its buy-side business after most recently serving at Virtu for 19 years, managing sales for its POSIT Alert business.

Prior to joining Virtu, she spent six years as head of sales and coverage at E-Crossnet – one of Europe’s first peer to peer crossing networks.

“We are incredibly excited to welcome Michelle to the team,” said Peter McStay, head of EMEA for OptimX. “Her extensive experience delivering liquidity to some of the largest global asset managers will be integral as we launch OptimX’s liquidity management technology across the US and EMEA.”

Aquis Exchange moved to expand its block crossing remit by taking a minority stake in OptimX Markets in August last year.

The deal was completed as part of a consortium which also includes the venture capital arm of Deutsche Boerse Group, DB1 Ventures.

The start up found itself in the headlines once more in November, with news that Liberum was set to connect to its block trading capability in early 2024.

The post OptimX Markets names new head of institutional sales appeared first on The TRADE.