Alliances, Mergers & Acquisitions
ConvergEx Quits 'Front-End' Tech Business with Eze, RealTick Sale
ConvergEx Group has announced a definitive agreement to sell its Eze Castle Software and RealTick businesses to private investment firm TPG Capital.
Belfius Bank Partners Clearstream for Collateral Management, OTC Derivatives
Belfius Bank, a banking and insurance group wholly owned by the Belgian state, has partnered with post-trade services provider Clearstream to develop a new collateral management activity for bilateral trades.
Post-Acquisition, Markit EDM Targets Sell Side, Asia Growth
Daniel Simpson, CEO of Markit EDM—formerly Cadis, which Markit bought last year—says 2013 will be the year the vendor reaps the benefits from the acquisition.
Banks Snap Up Traiana Stake from Icap
Interdealer broker Icap has announced that it sold a 12 percent stake in foreign exchange (FX) specialist subsidiary Traiana, to a consortium of banks, with an option for them to buy a further 20 percent of the business.
Trading Technologies and Phillip Capital Expand Relationship Into US
Phillip Futures, a Chicago-based futures clearing entity of Singapore's Phillip Capital, and Chicago-based derivatives solutions vendor Trading Technologies (TT) have begun offering TT's high-speed derivatives execution solutions to Phillip Futures'…
Wall Street Systems Takes Control of IT2 Treasury Systems
Wall Street Systems has acquired total share ownership of IT2 Treasury Systems, a provider of treasury management software, from CapMan Technology.
2013 Offers Both Familiar and Fresh Challenges
As the recycling is put out for collection, credit card bills from Christmas cause mild bouts of nausea and everyone begins to get back into their daily routines, let's take a look ahead to what's going to be important in 2013.
SunGard Acquires XcitekSolutionsPlus
SunGard has announced the acquisition of Birmingham, Alabama-headquartered XcitekSolutionsPlus (XSP).
Thomson Reuters Trio Quit to Form Tradepoint Systems
A trio of former Aegisoft partners, a New York-based electronic trading firm acquired by Thomson Reuters in 2010, have left the company to launch a new software business, Tradepoint Systems, LLC.
Tokyo and Osaka Bourses Merge as Japan Exchange Group
The Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSX) have merged their operations under a new holding company, the Japan Exchange Group.
A Look at What's to Come, and Some Friendly Advice
Anthony previews what's to come from WatersTechnology between Christmas Eve and New Year's Day, takes a look at the ICE–NYSE deal, and—for something a little different—offers advice on which Christmas ales are worth drinking this year.
NYSE Euronext Bid Puts 2012 on ICE
News of the IntercontinentalExchange’s (ICE’s) $8.2 billion cash-and-shares bid for the venerable New York Stock Exchange (NYSE) ends a year of speculation over consolidation and the future of the landmark equities operation at Broad and Wall Streets in…