Prattle Purchase Follows Related Liquidnet Acquisitions Liquidnet, an institutional trading network provider, has acquired Prattle, an automated investment research solutions vendor, in a bid to further expand the Liquidnet artificial intelligence (AI) investment analytics platform, officials say. Prattle was launched in 2014 by former academics Evan Schnidman and Bill MacMillan, and provides predictive analytics… Read More >>
Data’s Value Drives Acquisitions by ION & Liquidnet
Whatever IT disruptions are ahead, it’s clear that data, analytics and research are going to play key roles and are still top priorities as evidenced by two acquisitions announced on May 13. ION Investment Group has purchased for an undisclosed amount a controlling stake in Acuris, a provider of proprietary financial intelligence, data and analytics…. Read More >>
Hong Kong Firm Goes Live with GBST Solution
CMB Wing Lung Bank Revamps Back Office The Hong Kong-based CMB Wing Lung Bank has implemented a back-office custody solution from post-trade financial technology vendor GBST in an effort to grow its custody banking business, officials say. The bank, which is a subsidiary of China Merchants Bank, is using GBST’s Syn~Ops Custody product to… Read More >>
