Aallon Group Oyj signs up to Lago’s liquidity programme
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Aallon Group Oyj signs up to Lago’s liquidity programme 10 April 2019Helsinki Reporter: Jenna Lomax
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Aallon Group Oyj has joined Lago Kapital's automated liquidity providing programme.
Lago has been offering automated liquidity services for Nasdaq Helsinki and Stockholm-listed companies since last year.
The service, which uses algorithms, provides order book depth and automated rebalancing.
Lago explained that its wide network of lenders enables it to have more flexibility with securities lending on the back of any possible short positions providing liquidity.
According to Jani Koskell, founding partner at Lago, the automated liquidity providing service has evoked a lot of attention and currently, Lago is a market leader in the Finnish market, based on the number of clients.
Koskell revealed that they aim to become the largest liquidity provider in the Nordic countries.
He commented: “We are in a good position to offer the service as everything is scalable and automated and we use sophisticated algorithms. Our edge is that we also provide order book depth and automated rebalancing in the order book.”
“This, in turn, makes the company more attractive to a potential investor. The second edge is our wide network of lenders that enables us to have more flexibility with securities lending on the back of any possible short positions in providing liquidity.”
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