Episode 70: A Look at Liquidnet's Acquisition of OTAS

Earlier this week it was announced that Liquidnet had acquired OTAS Technologies, a vendor that had made its name in the analytics and artificial intelligence fields. To discuss what the deal means for users, as well as some of the broader trends in the market, Adam Sussman, head of market structure for Liquidnet, joins Anthony on the podcast. (0:00-2:40) Some information about the Waters Rankings and next week’s North American Financial Information Summit. (2:40) Adam joins via phone. (3:30) Adam talks about how this deal will bring together Liquidnet’s Virtual High Touch trading platform with OTAS’s analytics platforms. (4:35) How the pairing will improve decision-support capabilities for traders. (5:35) How will it help buy-side firms to better monitor performance and algo usage? (7:45) Why did Liquidnet go with OTAS over other analytics providers? (9:05) For OTAS users, will they have full access to the tools they were previously using with the vendor? And what will integration look like? (12:15) More generally, what does the buy side want when it comes to analytics platforms and alternative data today compared to previously? (14:55) How is artificial intelligence and machine learning playing into what you can deliver to traders? http://www.waterstechnology.com/awards-rankings/3368226/waters-rankings-2017-voting-now-open http://www.waterstechnology.com/organization-management/alliances-mergers-acquisitions/3367956/update-liquidnet-acquires-otas-technologies http://www.financialinformationsummit.com/na