Data Broadcasting Corp. has completed the sale of its Shark Information Services Corp. subsidiary to ADP. The agreement is for approximately $18 million in cash, plus the assumption of approximately $2 million in debt. The deal represents yet another step in ADP's march into the buy-side marketplace (IMD, March 13). Though the majority of Shark's client base resides on the sell side, the vendor does have a significant number of terminals in the institutional market.
PC Quote Inc. reports that
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails