(Gresham Technologies has merged with Alveo, a market data integration and analytics solutions provider, via a transaction led by Alveo’s majority owner private equity firm STG Partners. Before the merger, STG Partners and Alliance Bidco took Gresham Technologies plc private in April via a transaction that valued Gresham at approximately £146.7 million ($190.7 million). The… Read More >>
DTCC Fills Key Equity Clearing Post
DTCC Hires from Options Clearing Corp. The DTCC, a post-trade market infrastructure services provider, reports that Michael McClain has joined as a managing director and general manager of equity clearing. McClain will be responsible for heading the “day-to-day equity clearing business operations and strategic initiatives,” and will report to Murray Pozmanter, managing director and head… Read More >>
ACA Compliance Acquires NorthPoint Financial
ACA Compliance Group, a provider of regulatory compliance and global investment performance standards (GIPS) verification services, reports that it is acquiring NorthPoint Financial. Terms of the acquisition were not disclosed. NorthPoint Financial, founded in 2003, is a provider of financial software products and services, including an order management system and portfolio management, data warehouse, security… Read More >>
