BNY ESI To Acquire Global Execution Network Associates
TRADING LINKS
NEW YORK--Bank of New York ESI & Co., (BNY ESI), a subsidiary of Bank of New York Co., announced last week that it has reached agreement to purchase "certain assets" of Global Execution Network Associates (GENA).
This firm is a US-based broker/dealer, specializing in quantitative and program trading in equities in 52 markets globally; its clients are US and UK institutional investors. Terms of the deal were not disclosed, and approval by the New York State Banking Department is pending. A Bank
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