Bernstein has joined Appital as an executing broker on its new bookbuilding platform ahead of launch.

Bernstein has joined Appital as an executing broker on its new bookbuilding platform ahead of launch.

Appital brings technological innovation and automation to equity capital markets and improves liquidity discovery and price formation processes of illiquid equity positions.

The Appital platform gives the buyside community greater exposure to deal flow opportunities they have not been able to access before. Buyside traders looking to execute large orders often in excess of five days ADV, including in highly illiquid, small and mid-cap stocks, have access to real-time visibility, full transparency and maximum control over the bookbuilding, price formation and deal distribution process.  

The collaboration between Appital and Bernstein was initiated by continued demand from clients, and the integration will offer the buyside community a more efficient and transparent way to execute large in size orders with minimal market impact or risk of price erosion. Flow originated on the Appital platform can be seamlessly executed through Bernstein.