Deutsche Börse executives are planning an overhaul that will result in 350 job losses, a new focus on organic growth, acquisitions, and new technologies, according to the German exchanges company’s “Roadmap 2020” strategy presentations at its annual Investor Day in London, May 30. In particular, Deutsche Börse officials want: To grow structural net revenue “by… Read More >>
IHS Markit to Sell MarkitServ & Acquire Ipreo
Financial data vendor IHS Markit is moving to divest itself of its MarkitServ derivatives processing business, and to acquire Ipreo, a software solutions and data provider whose complementary offerings will result in more comprehensive offerings, officials say. Officials at IHS Markit say the provider of securities trading information, analytics and solutions, is willing to pay… Read More >>
Broadridge Acquisition Targets E.U. Data Distribution
Major industry player Broadridge Financial Solutions has acquired for an undisclosed sum service provider FundAssist Ltd., whose regulatory, marketing and sales offerings target global investment firms including those in North America doing business in Europe. “Based in Dublin, Ireland, FundAssist is a natural extension of Broadridge’s governance and communications business and brings a complete suite… Read More >>
IHS Markit Acquires DeriveXperts
IHS Markit, a data, analytics and solutions provider, has acquired DeriveXperts, a valuation services vendor for over-the-counter (OTC) derivatives, that will bring to Markit an entrée into key equity derivatives and other equity linked products markets. DeriveXperts offers daily and monthly computations of “hard-to-value assets,” such as equity derivatives, FX derivatives, interest rate derivatives and… Read More >>
Fidessa Picks ION Bid Over Temenos & SS&C Overtures
ION Capital U.K. Ltd., which is indirectly and wholly owned by ION Investment Group Ltd., has won a key round in the battle to buy Fidessa as its $2.3 billion (£1.5 billion) bid has gotten the approval of the Fidessa board, besting a bid from Temenos. “The boards of ION and Fidessa are pleased to… Read More >>
ACA Compliance Group to Acquire Cordium
Acquisition to Expand ACA’s Services in Europe ACA Compliance Group reports that it will acquire Cordium, a provider of governance, risk and compliance (GRC) services. ACA, a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity, expects the transaction to close this summer, subject to regulatory approvals…. Read More >>
CHX to Get NYSE Pillar via ICE Acquisition
The Chicago Stock Exchange (CHX) will become part of the Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), and the acquisition will pave the way for the CHX’s usage of the NYSE Pillar trading technology, officials say. The merger is slated to close during the second quarter of 2018, officials say. ICE… Read More >>
SS&C, ION & Temenos Vie for Fidessa
The “Fidessa Chronicles” plot thickens as the trading systems vendor has revealed that SS&C Technologies and ION Investment Group are the formerly secret suitors that put forth offers earlier this week, countering the bid from Temenos. In the latest announcement, “Response to press speculation,” the Fidessa board “notes the press speculation in relation to potential… Read More >>
Fidessa Puts Temenos Marriage in Limbo
The pending marriage between Fidessa and Temenos, announced in late February, has been put on hold in the wake of two eleventh hour suitors, reports Fidessa Group officials. The two unidentified offers have caused the Fidessa board to put off a shareholder vote on the Temenos offer, which was slated for April 5. In a… Read More >>
FlexTrade Adds Kensho AI & Analytics to EMS
FlexTrade & Kensho Technologies Collaborate Execution systems vendor FlexTrade is integrating pre-trade analytics support via Kensho Technologies into the FlexTRADER EMS (execution management system) to offer “a detailed, real-time event feed to assist a trader’s decision-making process when executing a trade,” officials say. “This integration with Kensho brings a unique level of ‘market context’ to… Read More >>
