Bank of America Merrill Lynch (BAML)

Goldman-Led Consortium Unveils Symphony Communication Services

In what's seen as an effort to compete with the likes of Bloomberg, Thomson Reuters and Markit, Goldman Sachs and 13 other industry partners have invested in a new company called Symphony Communication Services Holdings, after it acquired Perzo Inc.,…

Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M

A consortium of 14 major financial firms has acquired Palo Alto, Calif.-based messaging platform provider Perzo and renamed it Symphony with a $66 million investment to provide an open-source, secure and compliant messaging platform for financial…

Markit Eyes Federated Chat Integration Capabilities

Markit is building out the integration services component of its Collaboration Services initiative, an open messaging network for financial professionals to communicate and share information across any messaging platform.

REDI Buys, Integrates BAML's InstaQuote EMS

Execution management system (EMS) provider REDI Global Technologies has completed its year-long acquisition of BofA Merill Lynch's multi-asset InstaQuote platform, clients, and personnel.