Alliances, Mergers & Acquisitions
NovaSparks Gets New Backer in MBO Deal, Eyes Options Data & FPGA Trading Capabilities
With the support of new majority owner Peninsular Capital, NovaSparks plans initiatives to expand the use cases for its FPGA market data technologies into the trading and risk sectors.
BSO to Launch Millimeter Wave Connectivity In Toronto
The vendor is growing its millimeter wave services after its 2018 acquisition of Apsara Networks.
UK Watchdog Has Competition Concerns Over Ion-Broadway Deal
The trading tech giant has five days to address issues, or face a months-long investigation.
This Week: BNY Mellon, ASX, DTCC, SteelEye/UnaVista & More
A summary of some of the past week’s financial technology news.
Liquidnet Pilots New Analytics Platforms After Acquisitions
The company's Investment Analytics unit is the combination of OTAS, Prattle, and RSRCHXchange deals.
CME’s Reg Reporting Rollback: A Sign of What’s to Come
Sources say the exchange group’s scaleback is a result of pricing wars, unsustainable business models, and the realities of commercially supporting a regulatory reporting business.
SIX’s Purchase of BME Boosts Presence but Tech Challenges Lie Ahead
Exchange partnership will deliver benefits of scale but rationalizing trading infrastructure will take time, say observers
This Week: Vanguard, OneMarketData, SS&C, Xignite, Esma, SimCorp, Nasdaq
A summary of some of the past week’s financial technology news.
Wavelength Podcast Ep. 199: Working Through Covid-19
Marshall Saffer, vice president and head of Americas sales at Hazeltree, discusses how Covid-19 has affected the treasury management space.
BlackRock Integrates Private Markets Software with Aladdin
Integration of the asset manager's eFront acquisition aims to deliver a ‘whole portfolio’ solution.
Cboe Integrates Trade Alert Into Information Solutions Business
The Chicago-based exchange has also released its first integrated solution with risk analytics provider Hanweck, which it acquired in February.
CME Group to Scale Back Regulatory Reporting Business
The exchange group is closing several of its regulatory reporting businesses following a review finding they no longer align with its strategic direction.
Ion’s Wrists Slapped in Probe of Broadway Deal
The competition watchdog extends its initial investigation after Ion failed to comply with a call for info.
JP Morgan Investment Insulates Limeglass Start-Up Amid Coronavirus
The research start-up is growing its team and is in discussions with clients, despite Covid-19 disruption, after the bank acquired a stake.
In Expansion Beyond HFT, FPGAs Eye AI
After a decade of supercharging low-latency applications, Wei-Shen Wong explores how FPGAs are pushing into new areas of the capital markets, driven by interest in AI & ML.
Alt Data Market Could Take Deep Hit Due to Coronavirus
If hedge funds and VCs tighten their spending in 2020—a likely outcome—it could be the alternative data market taking the brunt of the punishment.
Thasos Group Assets Acquired By Market Service Inc.
The location data specialist has been sold after falling upon rough times last year.
Ion’s Broadway Deal Leaves Banks in a Bind
Barclays and Nomura among banks that had moved from Ion to rival it now controls.
This Week: MEMX; Paxos/Credit Suisse/Instinet; Blue River; CJC/TREP & More
A summary of some of the past week's financial technology news.
Knoema Pushes Into Alt Data With Adaptive Management Buy
The pairing presents an opportunity for alt data vendors to garner more exposure.
Fenergo Taps ABN Amro, DXC for $80 Million M&A War Chest
The Dublin-based company sells 10% stake to fund further regtech acquisitions.
TRG Screen Buys Partner MDI to Boost Managed Data Services
The deal will allow MDI to provide other TRG offerings as fully managed services, and to benefit from being part of a larger company.
Cboe Buys Hanweck and FT Options in Dual Acquisition
The exchange group has made a strategic double buy hoping to boost capacity in solving portfolio and balance sheet risk for clients.
Rimes Wards off Sale Speculation with Investment from EQT
A sale was originally reported, but this PE investment will allow the firm to grow its ESG, ETF offering while considering a sale at a later time.