The licence follows the acquisition of Goodbody Fund Management in October 2023
Appital Trending Equities allows buy side deal originators to stimulate liquidity in the market before launching a deal
The move aims to enhance the speed of trade processing ahead of the US markets shifting to a T+1 settlement cycle
The acquisition of the European private capital fund administration services provider, allows Gen II to add jurisdictional reach in the UK, Jersey, Ireland and international markets
These services will be distributed through its subsidiary SBI Shinsei International
The partnership will allow Ultimus to offer outsourced trade execution and trading desk services to asset managers through PennHaven
The New York-based multi-asset class investment accounting and fundtech specialist saw investment from existing investors including Blumberg Capital and Team8
