Alliances, Mergers & Acquisitions
Banks and Buy Side Ally for Desktop App Interoperability
Led by OpenFin, FDC3—which includes the likes of RBC, JPMorgan, AllianceBernstein, Citadel and Barclays—aims to create a common language for desktop app interoperability.
GTCR Agrees to Sale of Dash Financial
Flexpoint Ford is backing a management buyout of Dash Financial Technologies from private-equity firm GTCR.
S&P Global Makes $550 Million Bet on AI with Kensho Buy
Information giant will pick up Goldman Sachs-backed AI startup for over half a billion dollars.
The Big Crunch: Traditional Tech’s Great Contraction
Waters examines how this recent wave of consolidation is different than previous periods of contraction.
SenaHill Taps Industry Vets Korhammer, Weil to Head Markets, Info Providers Sectors
Korhammer is best known for founding electronic equities trading platform Lava Trading, which was acquired by Citigroup.
The Curious Case of the Trader–Vendor
Tradeworx, now Thesys Group, is the latest in a series of firms that has decided to pull back from trading activities and focus on fintech. And it’s unlikely to be the last.
Thomson Reuters LPC, DealVector Ally for Bond Messaging
The integration will give LPC clients access to liquidity on DealVector's platform, and give DealVector clients access to data adn news from LPC.
Waters Wavelength Podcast Episode 110: An Examination of the Temenos-Fidessa Deal
Victor Anderson, editor-in-chief of Waters, joins the podcast to discuss Temenos’ potential acquisition of Fidessa.
Fintech Fever Grips M&A with Fidessa Acquisition Offer
Temenos looks set to snap up the London-based vendor with a billion-pound deal as 2018 becomes white-hot for mergers and acquisitions.
Fidessa and Temenos—A Bold Move
WatersTechnology's editor-in-chief on the proposed Temenos-Fidessa deal, CEOs-turned-cricket umpires, and fintech maturity.
EDI ‘Solves’ for Real-Time Fixed Income Pricing
The alliance will provide real-time data parsed from client communications and submitted by market participants.
US and UK Regulators Join Forces on Fintech
FCA and CFTC sign agreement on fintech initiatives for cross-Atlantic firms.
Metamako, Redline Ally for Low-Latency Data
The agreement will provide mutual clients with access to normalized market data at the lowest possible network latency for a wide range of asset classes.
ION's Openlink Acquisition Shows Deeper Strategic Moves at Work
The Openlink deal is the latest in a string of acquisitions by ION as it consolidates power in treasury, derivatives and commodities, with the help of Carlyle Group.
Waters Wavelength Podcast Episode 107: An Examination of the Thomson Reuters-Blackstone Deal
Anthony, James and Max Bowie dig into the Thomson Reuters-Blackstone announcement and try and figure out the winners and losers, industry-wide.
Thomson Reuters, Blackstone Agree $20B Financial & Risk Unit Spin-Off
Thomson Reuters has agreed to sell its Financial & Risk unit to a new company minority-owned by the vendor and majority owned by a consortium led by Blackstone Group.
Finastra Buys FX Platform Provider Olfa Soft
Finastra will combine Olfa Soft 's Seamless FX platform with its FusionCapital Treasury solution.
Thomson Reuters in Talks to Sell Stake in Financial & Risk Unit
The vendor confirms it is in discussions to sell a portion of the financial data business it acquired in 2007 as a result of Thomson Corp.'s purchase of Reuters.
TRG Licenses DART Terminal Usage Tracking Capabilities from Vela
Under the deal, TRG will sell Vela's DART Terminal Usage Analytics tool, though Vela will continue to provide support services and ongoing development.
BMO InvestorLine Adds OTC Markets Data for Canadian Investors
Officials say the move will make it easier for Canadian investors to identify investment opportunities and trade on OTC Markets in the US.
Tradeworx Sells Trading Arm to Focus on Fintech
The company renamed itself Thesys Group and will focus on growing Thesys Technologies.
TRG Buys Screen, Creating Global Data Cost Management Vendor
The combined vendors will be able to offer a range of products for different client types and use cases.
Northern Trust Buys Omnium Technology Development from Citadel
The deal is expected to close in the first half of 2018.
SS&C Technologies Acquires DST Systems
Windsor, CT based buy-side technology giant acquires parent company of DST Global Solutions, snapped up in December 2014.