GA's Markit Stake Fuels Rumors of Bid for Interactive Data


A spokesperson for Markit says that the investment from General Atlantic will allow the vendor to provide liquidity for staff looking to cash out of their employee stock ownership plans, as well as providing it with cash to fund potential acquisitions. However, the spokesperson declines to identify any potential acquisitions or comment on whether the firm is considering a play for Interactive Data, suggesting that the two vendors may not be "culturally compatible."

However, one source says a

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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