Nordic Capital has agreed to sell Itiviti, a provider of trading technology and services to financial institutions, to Broadridge Financial Solutions, in a deal valued at EUR2.143 billion.
Trading & Execution
JP Jenkins, an established UK trading platform for private companies, has launched a new online trading platform JPJ Direct.
Quantile Technologies (Quantile), a provider of portfolio optimisation services for the global financial services market, has secured a USD51 million (GBP38 million) minority investment from Spectrum Equity, a growth equity firm focused on internet-enabled software and information services companies.
Equity derivatives clearing specialist OCC has announced a September 2020 total cleared contract volume of 670,994,045 contracts, bringing total cleared contract volume to-date to 5,453,292,830 for 2020 and surpassing the annual volume record for the US. exchange-listed options industry.
IntegriDATA, a FinTech software vendor, has launched Wire Chains, a revolutionary new feature that expedites dependent wire processing for its CashWire Payment System (CashWire).
TORA, the provider of a front-to-back cloud-based order and execution management system (OEMS), has released its new FX auto-hedging function for equity pairs trading.
MUFG Investor Services, a specialist in administration, asset servicing, banking and fund financing, has selected Broadridge’s Sentry loan tracking and reporting technology to service its clients in the private debt space.
Managing forex spreads has been the biggest trading challenge for hedge fund traders since the pandemic and resulting lockdowns began, according to Refinitiv.
Clearstream is to employ Finomial's client lifecycle management technology to automate trade documentation completion for alternative investments.
Growth-equity investment firm Edison Partners has completed the sale of Clearpool Group, a New York-based electronic trading provider and independent agency broker-dealer, to BMO Financial Group.