Merger Mania Hits Fi-Tech Sector
FRONT PAGE: SPECIAL REPORT
NEW YORK—A merger mania of sorts is gripping the financial technology sector, capped by last week’s news that Citigroup is acquiring Lava Trading.
In addition to Citigroup’s bold move, securities clearing services provider Penson is slated to announce that it is scooping up Nexa Technologies, the Bank of New York (BNY) has taken a controlling stake in Netik and Radianz is selling Radianz Voice Services (RVS) to WestCom Corp. Other fi-tech niches may also be ripe for consolidation.
In a late
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