The combined firm can serve clients from the first moments of price discovery through to the secondary market.
This marks Plus500’s second purchase in a week, following the Hedge acquisition in the U.S.
The $1.97 bln deal is meant to combine dealer and buy-side protocols, client relationships, and data.
TT adds TRAFiX’s order and execution management systems for equities and equity options.
Fintech provides platform consolidation, consistent workflows, and multi-asset trading in a single UI.
Protocol was developed in consultation with AllianceBernstein, BlackRock, DWS and State Street.
Private rooms can simplify liquidity sourcing, but execution challenges remain.
Firm is #12 in the Chartis Buyside Platforms rankings for buy-side platforms and technology.
The share of U.S. investment grade bonds traded electronically is closing in on 50%.
