Rise of Algo Trading Fuels EMS Market
SPECIAL REPORT NEWS
ITG made a $230 million offer for Macgregor in July 2005, stating that the company wished to develop its cross-asset offering.
Eze Castle was amalgamated into a new firm, ConvergEx, at the end of June, when it was acquired, along with GTCR Golden Rauner, by the Bank of New York.
"TowerGroup expects to see at least one of the four remaining EMS providers acquired before 2006 is over," says Gavin Little-Gill, research area director for investment management, brokerage and wealth management at
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