Thomson Financial Acquires Quant Trading
VENDOR UPDATE
NEW YORK--Thomson Financial has acquired Quant Trading in a bid to bolster its Yield ONE fixed-income platform, officials said last week.
Financial details of the acquisition were not disclosed, but the acquisition was complete about three weeks ago, says Lou Eccleston, president of Thomson Financial’s Banking and Brokerage Group. Thomson Financial acquired Quant’s "eight or nine" employees, and 20 institutional clients, says Eccleston, adding that there will not be layoffs. Quant has a client
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