Institutional trading network Liquidnet has announced the acquisition of analytics platform OTAS Technologies.
Liquidnet, a block trading venue that helps institutions achieve best execution, has acquired self-described "specialist provider of trader intelligence and decision support analytics" OTAS Technologies.
OTAS Technologies will be bolted on to the Liquidnet Virtual High Touch "decision-support" trading platform, which is aimed at buy-side traders.
Liquidnet global head of equity strategy Rob Laible said the acquisition would "fill a void in the trader's toolkit" and help traders comply with the MiFID II regulations.
"We believe that a firm that incorporates OTAS analytics and our VHT platform into their trading strategy will be able to show a process and commitment to consistently achieving best execution for each and every order," Mr Laible said.
OTAS Technologies was launched in 2011 and is headquartered in London.
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