This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
BlackRock to acquire Preqin
BlackRock has agreed to acquire Preqin, a UK-based provider of private markets data for £2.55 billion ($3.2 billion) in cash. Preqin’s data and research tools and Aladdin’s workflow capabilities will be united in a single platform to create a private markets technology and data provider. The sale marks a strategic expansion for BlackRock, which is building a private markets franchise, into the private markets data segment.
Private markets are the fastest growing segment
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