Alliances, Mergers & Acquisitions
BlackRock Integrates Private Markets Software with Aladdin
Integration of the asset manager's eFront acquisition aims to deliver a ‘whole portfolio’ solution.
Cboe Integrates Trade Alert Into Information Solutions Business
The Chicago-based exchange has also released its first integrated solution with risk analytics provider Hanweck, which it acquired in February.
CME Group to Scale Back Regulatory Reporting Business
The exchange group is closing several of its regulatory reporting businesses following a review finding they no longer align with its strategic direction.
Ion’s Wrists Slapped in Probe of Broadway Deal
The competition watchdog extends its initial investigation after Ion failed to comply with a call for info.
JP Morgan Investment Insulates Limeglass Start-Up Amid Coronavirus
The research start-up is growing its team and is in discussions with clients, despite Covid-19 disruption, after the bank acquired a stake.
In Expansion Beyond HFT, FPGAs Eye AI
After a decade of supercharging low-latency applications, Wei-Shen Wong explores how FPGAs are pushing into new areas of the capital markets, driven by interest in AI & ML.
Alt Data Market Could Take Deep Hit Due to Coronavirus
If hedge funds and VCs tighten their spending in 2020—a likely outcome—it could be the alternative data market taking the brunt of the punishment.
Thasos Group Assets Acquired By Market Service Inc.
The location data specialist has been sold after falling upon rough times last year.
Ion’s Broadway Deal Leaves Banks in a Bind
Barclays and Nomura among banks that had moved from Ion to rival it now controls.
This Week: MEMX; Paxos/Credit Suisse/Instinet; Blue River; CJC/TREP & More
A summary of some of the past week's financial technology news.
Knoema Pushes Into Alt Data With Adaptive Management Buy
The pairing presents an opportunity for alt data vendors to garner more exposure.
Fenergo Taps ABN Amro, DXC for $80 Million M&A War Chest
The Dublin-based company sells 10% stake to fund further regtech acquisitions.
TRG Screen Buys Partner MDI to Boost Managed Data Services
The deal will allow MDI to provide other TRG offerings as fully managed services, and to benefit from being part of a larger company.
Cboe Buys Hanweck and FT Options in Dual Acquisition
The exchange group has made a strategic double buy hoping to boost capacity in solving portfolio and balance sheet risk for clients.
Rimes Wards off Sale Speculation with Investment from EQT
A sale was originally reported, but this PE investment will allow the firm to grow its ESG, ETF offering while considering a sale at a later time.
This Week: Refinitiv; Broadway; BMO/Clearpool; Skytra/Nasdaq & More
Catch up on some of the past week's financial technology news.
Wavelength Podcast Ep. 175: Tradeweb's Billy Hult
Duncan Wood interviews Tradeweb's Billy Hult about the changing trading landscape.
Bloomberg LP’s Fate Lies in Hands of Democratic Voters
With Bloomberg founder Michael Bloomberg confirming a run for president, Max ponders the possible outcomes if the data giant goes up for sale.
This Week: Goldman/Finos; JP Morgan/Baton; Caixa AM; IHS Markit
Catch up on some of the past week's financial technology news.
The Public Interest
Anthony explains why it's important to keep an eye on acquired firms long after the ink has dried on the deal.
After Fidessa Exodus, Some Users Brace For Trouble
WatersTechnology spent three months examining Fidessa to see what has transpired inside the vendor since the Ion acquisition. During a period of great change, a lot of questions—and worry—remain.
Confluence & StatPro: A Sign of the Buy-Side Times
Confluence has a big job ahead integrating StatPro’s various analytics tools.
Confluence Buys StatPro
For £161.1 million, Confluence has purchased StatPro. Both companies stand to gain more global clients, and users can expect new products meant to alleviate pain points felt by the buy side.
SS&C Advent Embraces AI for Product Development
The company is using machine learning and natural-language processing technology to enhance its Tamale and Geneva platforms.