Alliances, Mergers & Acquisitions
CME Ups Bid for GFI as Vote Looms
CME Group now offering $5.85 per share for interdealer broker.
Misys, Intex Ally on Structured Fixed Income Data
Users of financial software vendor Misys' FusionInvest portfolio and risk management, analytics, order raising and pre-trade compliance platform will now have access to deals data on US, European, Asian and Australian collateralized loan obligations and…
JPX and Nasdaq Deepen Ties
Nasdaq to develop derivatives trading system for Osaka Exchange
FactSet Adds Markit Global ETF Data to Workstation in Buy-Side Push
FactSet Research Systems has integrated data on more than 5,000 global exchange-traded funds from data vendor Markit into its workstation, to provide clients—particularly buy-side firms—with fund-level and constituent-level data on ETFs to inform their…
The GFI Story to Date
Chronicling a lesson in corporate disruption.
Bidding War for GFI Surges
Both sides increase their offers for interdealer broker.
Fiserv and HedgeACT Announce Hedge Fund Alliance
Collaboration will allow investors access to hedge funds for as little as $100,000.
BGC Proposes Contingent Increase in GFI Offer
Interdealer broker ups the stakes as crunch time approaches for rival bid.
Fico Acquires Financial Crime Firm Tonbeller
Deal moves Fico firmly into growing financial crime and compliance space.
CBOE Launches VIX Indexes on CME FX Contracts
The Chicago Board Options Exchange has begun calculating and distributing index values for three new foreign exchange volatility indexes based on CME Group-listed US dollar-euro, dollar-pounds sterling and dollar-Japanese yen futures options contracts.
Blackstone Takes Stake in Data Management-as-a-Service Startup MDI
Investment and public backing provides growth funding and validation of MDI's business model
LSE, Borsa Istanbul Partner on Index Creation
The London Stock Exchange Group and Borsa Istanbul have agreed to cooperate and share expertise to support on the creation of new Turkish indexes, to broaden the country's exposure to international investors.
All Change
2015 is likely to be marked by foundational shifts.
Not-So-Secret Agents: The Rise of the Third-Party Sales Expert
It’s not uncommon for experienced industry executives to quit their day job and start their own company. However, whereas most startups begin with a product idea that its inventors then have to sell to potential clients, a growing trend among data execs…
Synechron Nabs Team Trade
This deal marks Synechron's fifth acquisition since 2007
Bucharest Exchange Pulls Data off Vienna Feed
Exchange aims to become its own hub for local exchange data in the region
MTS, B2SCAN Launch Pre-Trade Bond Data Initiative
Partnership will provide buy-side firms with transparency into dealers' inventories.
James Rundle: The Tragic Romance of BGC and GFI
The ongoing tussle between BGC and GFI over the latter’s future has provided constant twists and turns. But James questions whether GFI was ever going BGC’s way, or if it was always on the road to Chicago.
Nasdaq Buys Dorsey Wright to Boost Smart Beta Indexes
Acquisition will expand Nasdaq's smart beta ETF licensing opportunities
Broadridge Adds TwoFour Systems in FX, Cash Management Play
Broadridge acquires FX & cash management tech company
Orc Parent to Acquire Tbricks
Cidron Delfi Intressenter Holding to buy prop trading vendor.
Vanare Acquires NestEgg, Creates Hybrid Wealth Management Offering
Integrates automated allocation with traditional services
BGC Increases Offer for GFI Group
Firm's tender offer is now for $5.45 per share, a 20-cent increase from its previous price.
Custodians, Spaulding Create Benchmark Data Cost Transparency Principles
BNY Mellon, State Street and Northern Trust, along with performance measurement provider The Spaulding Group, have created a set of principles to improve transparency around fees associated with the use of benchmark indexes and their data, to help asset…