StatPro’s board of directors announced late last week that it had agreed to a takeover offer from Confluence via Bidco in an all-cash agreement of approximately £161.1 million ($201.3 million). The deal will take the company private — apparently in an effort to give customers fuller product platforms via a combined company. To recap, StatPro… Read More >>
Squawker’s Equity Finance Platform Tackles Manual Processes
London-based vendor Squawker’s Equity Finance platform has completed its launch phase and has been deployed at six of the top 10 global investment banks in large part because the platform provides an alternative for investment banks that usually book trades via manual processes and over-the-counter (OTC) against interdealer brokers, officials say. Three more major banks… Read More >>
Panmure Gordon to Deploy Torstone Platform
Stockbroker and investment bank Panmure Gordon has signed a multi-year deal with financial technology vendor Torstone Technology for the use of Inferno, Torstone’s post-trade securities and derivatives processing system, officials say. Panmure will use Inferno to process its post-trade flow from trade capture through to settlement, accounting and reconciliation. Inferno allows users to consolidate multiple… Read More >>
