BMLL, a provider of Level 3, 2 and 1 data and analytics, has partnered with SIGMA AI, a provider of real-time intelligence for financial markets, to build an intelligence layer that will allow market participants to “contextualize live market flow against deep historical benchmarks,” officials say. “The combination will create a product category that doesn’t… Read More >>
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 >>
