Trading exchanges company Nasdaq has made a $190 million, recommended all-cash public offer to purchase Swedish financial technology provider Cinnober, which serves key players in the securities industry. The offer to the shareholders and warrant holders of Cinnober is intended to strengthen Nasdaq’s position as an infrastructure provider of trading, clearing and exchange technology and… Read More >>
TransparINT Acquired by Steele Compliance Solutions
Steele Compliance Solutions is taking a major step forward in applying artificial intelligence (AI) technologies to new compliance tools for financial services firms via its recently announced acquisition of TransparINT, which offers data filtering that exploits machine learning and natural language processing (NLP). Steele declined to reveal what it paid for TransparINT and assured FTF… Read More >>
Blackstone to Buy Thomson Reuters Division for $17B
Private equity giant Blackstone is taking the lead in a consortium that will result in a new corporation with a valuation of $20 billion that will be the new home for the Financial and Risk (F&R) business of Thomson Reuters. Like Thomson Reuters, the company to come will compete directly against many financial data and… Read More >>
Finastra Acquires Olfa Soft to Complete eFX Trading Suite
Finastra is adding Olfa Soft’s electronic foreign exchange (FX) trading platform Seamless FX to its portfolio of treasury transaction offerings as a result of a recently announced acquisition. The Geneva, Switzerland-based Olfa Soft offers trading platform design and integration services to facilitate uninterrupted FX services, officials say. “As FX markets become more competitive with trading… Read More >>
Broadridge Says Summit Acquisition to Streamline Regulatory Compliance
(Editor’s Note: Broadridge Financial Solutions is acquiring Summit Financial Disclosure, a financial document management solutions provider in an effort to provide end-to-end services. The acquisition will lead to the integration of Summit’s document composition and regulatory filing services with Broadridge’s proxy voting and shareholder communications services, to encompass the “entire corporate disclosure lifecycle from private… Read More >>
Calypso Technology Agrees to Buyout
Calypso Technology is going down the private equity route and the cash infusion will help the trading and risk management systems vendor grow its investor base and take its offerings to the next level for demanding customers, officials say. European private equity fund Bridgepoint and global growth equity investor Summit Partners announced that they are… Read More >>
IPC Buys Etrali from the Gores Group
Once fierce competitors in the trading turret business, IPC Systems and Etrali Trading Solutions are becoming one company as a private equity firm, the Gores Group, has sold Etrali to IPC, officials say. IPC and Gores Group officials decline to reveal the commercial terms of the acquisition. The Paris-based Etrali is a provider of voice… Read More >>
ICE to Buy Interactive Data for $5.2 Billion
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has entered into a definitive agreement to acquire market data and systems vendor Interactive Data Corp. for $5.2 billion in the hope that the combined company will be able to offer efficient data access via an integrated platform for analysis, valuation and connectivity… Read More >>
Broadridge’s Purchase of Direxxis Paves Way for Product Integration
Broadridge Financial Solutions has acquired Direxxis, a provider of cloud-based marketing solutions and services, in a bid to broaden its offerings for wealth and asset managers, and to provide integration with Direxxis’ marketing management and automation platform, officials say. Direxxis offers integrated enterprise marketing solutions to integrate people, processes and technologies, officials say. Direxxis’s sales… Read More >>
BGC Partners Succeeds in Hostile Takeover of GFI Group
It looks like interdealer broker BGC Partners finally has its bid for rival brokerage GFI Group sewn up, with GFI’s board agreeing Friday morning to fully support BGC’s takeover bid. After reaching the deal with GFI Group’s board, BGC officials are extending its $6.10-per-share tender offer to Feb. 26, from its previous deadline of Feb…. Read More >>
