Trading technology provider TORA announced that it has integrated its order and execution management system (OEMS) with global institutional investment network, Liquidnet’s IA Trader. The integration offers access to advanced artificial intelligence, data analytics tools and a broad range of Liquidnet trading algorithms.
Integrating IA Trader directly in the TORA OEMS helps equity traders boost their decision-making process at the point of trade. The system delivers actionable signals, alerts, compact stamp summaries and data visualization capabilities.
Liquidnet’s IA Trader provides pre, post and intra trade execution analytics driven by exception alerting across equity and related market data. Time-stamps, alerts and analytic tools are designed to helps traders to uncover potential hidden risks and opportunities in their blotters, portfolio or watchlists.
Chris Jenkins, managing director at TORA, said in a statement: “Data analytics play an ever more important role in the trading process and to have IA Trader as an added data point is very exciting for our clients. The embedded integration allows for a seamless workflow for all users”.
TP ICAP announced it will be acquiring Liquidnet with the transaction expected to be complete in Q1 2021.