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Article: Euroclear to acquire Xtrakter from ICMA.
- Article from:
- M2 Presswire
- Article date:
- November 20, 2008
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M2 PRESSWIRE-20 November 2008-Xtrakter: Euroclear to acquire Xtrakter from ICMA(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:20112008
Brussels and London -- Euroclear and the International Capital Market Association (ICMA) signed an agreement whereby Euroclear SA/NV will acquire 100% of Xtrakter Ltd, the ICMA subsidiary, for an undisclosed cash amount. Xtrakter owns TRAX, a trade matching and regulatory reporting system that also provides market and reference data.
Pending receipt of regulatory approvals, Xtrakter will become a wholly owned subsidiary of Euroclear SA/NV and a sister company to the Euroclear group's international and national central ...