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Article: ConvergEx to Acquire NYFIX U.S. Transaction Services Business.
- Article from:
- PR Newswire
- Article date:
- November 9, 2009
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Acquisition Complements ConvergEx's Advanced Execution Technologies; Expands Sell-Side Client Base
NEW YORK, Nov. 9 /PRNewswire/ -- ConvergEx, a leading provider of investment and execution technology solutions to institutional clients worldwide, today announced that it has entered into a definitive agreement to acquire NYFIX Inc.'s U.S. Transaction Services business. Under the terms of the deal, ConvergEx will acquire the NYFIX Transaction Services' U.S. electronic agency execution business, comprised of the Millennium Alternative Trading System (ATS) and its direct market access (DMA) and algorithmic products. The deal is contingent upon the completion of ...