The Intercontinental Exchange (ICE) Group has announced that its sale of the Nyfix and Metabit businesses, instigated after its purchase of NYSE Euronext, have been completed.
Both were units of the NYSE Technologies arm, and have been sold to vendor Ullink for an undisclosed amount. Nyfix specializes in Fix-related technology offerings, and operates a financial extranet named Nyfix Marketplace, which boasts over 10,000 users. Metabit is focused on market access and connectivity, aimed at the Asian markets.
"We are pleased to finalize this transaction with ULLINK for the Nyfix and Metabit units of NYSE Technologies," says Ben Jackson, president and COO for ICE Futures US and president at NYSE Technologies. "This completes our goal of divesting certain non-exchange related assets from NYSE Technologies and positioning them with a more appropriate owner."
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails