Itiviti, provider of multi-asset trading technology in financial infrastructure, has added the Hudson River Trading Systematic Internaliser (HRSI) venue to its connectivity offering.
The connection, which is now live, provides Itiviti clients with access to liquidity sourcing from Hudson River Trading, one of the largest Electronic Liquidity Provision (ELP) Systematic Internalisers.
Prior to this, HRSI operated as Sun Trading International SI (STSI) before its migration on 1 October.
According to Itiviti, since the implementation of the second Markets in Financial Instruments Directive (MiFID II) at the beginning of the year, the market structure in Europe is rapidly evolving.
This has caused access to relevant liquidity through both traditional trading venues and new Systematic Internalisers to become a cornerstone of successful Best Execution strategies, Itiviti revealed.
Jamal Tarazi, director of European Business Development at Hudson River Trading, said: “MiFID II has brought sweeping changes industry-wide, with increased counterparty transparency available through the SI regime.”
“The continued demand for our bespoke liquidity offering is a testament to the execution quality offered by our SI. We are pleased to offer clients seamless and cost-efficient connectivity to Hudson River Trading’s liquidity through Itiviti’s connectivity solutions.”
Richard Bentley, CPO at Itiviti, commented: “Hudson River Trading SI is a very welcome addition to our comprehensive connectivity offering. Making Hudson River Trading liquidity available to our clients will be an attractive option for firms exploring the reshaped European market landscape.”
Bentley added: “Itiviti’s commitment to quickly providing access to new Systematic Internalisers as and when they become available provides a distinct advantage to our clients, adding business value beyond regulatory compliance.’’
