A group of senior executives at trading software provider CQG has acquired the privately held company from owner Tim Mather, who founded the company in 1980, officials say. Mather and Ryan Moroney, the current CEO of CQG, have been “focused on a transition plan when he was ready to step away that would put the… Read More >>
Spending on Client Management IT Rising: Report
Capital markets firms will increase their IT spending on client life cycle management offerings over the coming years, causing the market to grow by approximately 41 percent from 2019 to 2022, according to a new report from market research firm Aite Group. The Aite Group’s estimates on IT spending for client management wares encompasses software… Read More >>
Are You Ready to Trade Security Tokens?
The crypto currency phenomenon is almost moving too fast for anyone to sort out and yet remarkable things are happening. For instance, tZERO and BOX Digital Markets have just created a joint venture to lay the groundwork for “the world’s first regulated exchange for trading security tokens,” which are electronic tokens defined as securities under… Read More >>
Media Reports Say Misys Owner Mulling IPO
Misys, a 37-year-old banking and capital markets software systems provider, may be entering the public markets again, according to media reports about the matter. In mid-August, The Times of London, citing industry sources, ran with a story that Misys was getting ready to launch a £5.5 billion ($7.3 billion) listing via the London Stock Exchange…. Read More >>
Calypso Technology Agrees to Buyout
Calypso Technology is going down the private equity route and the cash infusion will help the trading and risk management systems vendor grow its investor base and take its offerings to the next level for demanding customers, officials say. European private equity fund Bridgepoint and global growth equity investor Summit Partners announced that they are… Read More >>
National Stock Exchange Announces Its Resurrection
After closing for 17 months, the National Stock Exchange (NSX) is in the final stages of relaunching a national securities exchange for trading equity securities and exchange-traded fund (ETFs) with a strategy to become “the leader in low-fee market access,” say NSX officials. The low-fee strategy is intended to drive higher levels of activity than… Read More >>
Guggenheim Securities Hires from Blackstone Group
Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, has hired James Schaefer from the Blackstone Group, where he served as head of global power, energy and renewables for Blackstone Advisory Partners, officials say. Schaefer will join the firm’s investment banking department as a senior managing director covering the energy, power and… Read More >>
Aite: Is Big Data Jargon or Strategy?
“Big Data in Capital Markets: The Placebo Effect?” a new report from market research from Aite Group, examines whether the move to adopt Big Data methods and strategies in financial services is, as the report asks, “jargon or strategy?” Big Data consists of very large volumes of structured and unstructured information that when reviewed can… Read More >>
