Barra Inc., a provider of investment management tools and analytical software, has acquired a minority stake in interdealer Treasury broker Liberty Brokerage Inc. Through the purchase, announced last week, Barra will gain access to Liberty's Treasury data.
Barra paid $5.5 million for a stake of less than 10 percent of the broker. The vendor will receive a seat on the board and voting preferred stock that is convertible into Liberty common stock.
The two companies are further discussing the for
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails