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Instinet Sells Fox River Business to Clear Street

July 18, 2024 by FTF News

Instinet Sells Fox River Business to Clear Street

Brokerage firm Clear Street, which leverages cloud-native, financial technology, has acquired the Fox River algorithmic trading business of brokerage Instinet, which only two years ago purchased the group from FIS. In October 2023, Instinet completed the purchase of the FIS Execution Services business, previously known as Fox River, from FIS. The original purchase agreement was… Read More >>

Filed Under: Securities Operations, Affirmation, Allocation & Confirmation, Back Office, Buy-Side, Data Management, Hedge Fund Operations, Industry News, Mergers & Acquisitions, Middle-Office, Operational Risk, Ops Automation, Reconciliation & Exceptions, Settlement Tagged With: algorithmic trading flow, algorithmic trading platform, Clear Street, execution services, Fox River, Instinet, securities clearing, settlement

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