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.
Fortnum hires former Centric Wealth CEO
SMSF Association names new chair
Avenir Capital hires investment director
A correction, not a turning point
Why bond covenants matter
Striking a balance between security and innovation