Trading network Liquidnet buys AI-driven analytics firm Otas
Institutional equities marketplace Liquidnet has acquired Otas Technologies, an AI-based buy-side decision support analytics provider. The Otas analytical tool will be added to Liquidnet’s Virtual High Touch Trading platform, offering buy-side managers more informed decision making through data analysis, algorithmic learning and real-time analysis. Rob Laible, Liquidnet’s global head of equity strategy, said: “Our goal with this acquisition is to deliver market context directly to the trader at the point of execution." Terms of the deal were not disclosed.
Liquidnet has announced its acquisition of artificial intelligence powered buy-side decision support and analytics provider, OTAS Technologies.

OTAS’ analytics tool will be integrated with Liquidnet’s Virtual High Touch trading platform to improve decision making for the buy-side.

The Virtual High Touch platform was first launched in November last year and incorporates data analysis, learning algorithms, liquidity search tools and real- time analytics.

Rob Laible, Liquidnet’s global head of equity strategy, explained the biggest challenge for its buy-side members is finding liquidity and sifting through vast amounts of industry data.

“Our goal with this acquisition is to bring OTAS’s analytics into the Liquidnet platform and deliver market context directly to the trader at the point of execution,” he said.

Tom Doris, founder and CEO of OTAS, added by joining Liquidnet its clients will benefit from ‘a more complete intelligence platform’ to address all parts of the trading process.

OTAS Technologies was launched in 2011 and has more than 60 financial institutions using its platform. Terms of the deal were not disclosed.