Colt Sizes Up MarketPrizm Buy

Network and hosting service provider Colt is leading the race to acquire low-latency data vendor MarketPrizm, in a bid to expand its services beyond its core telecoms business, sources tell Inside Market Data.

 Sources say the MarketPrizm has been up for sale since October, when multilateral trading facility operator Chi-X Global decided to divest the business and refocus MarketPrizm’s parent, Chi-Tech, from a vendor of exchange technologies into an internal provider of IT services to Chi-X

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