State Street Spends $564 Million on Currenex

Consolidation in the multi-participant trading platform space has long been talked about but it has now taken a step forward with news that State Street Corp. has agreed to acquire Currenex, the independently owned online foreign exchange trading platform for $564 million in cash. "The acquisition will accelerate State Street's participation in the fast growing […]
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ASSIOM joins European Capital Markets Alliance

ASSIOM, the Italian association of capital markets operators, has joined the European Financial Markets Federation (EFMF), bringing the number of associations within the Federation to four. The addition of ASSIOM, a group representing over 1,400 capital market operatives from Italian banks and financial institutions, is a significant advance towards forging closer co-operation between financial market […]
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CST to Boost CDS Market Share with Chapdelaine Acquisition

UK broker Collins Stewart Tullett (CST) is boosting its market share in credit derivatives in North America with the acquisition of New York broker Chapdelaine Corporate Scurities for $95 million in cash. It says it would combine the company with Tullett Prebon when the two parts of Collins Stewart Tullett demerge in December to form […]
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Icap and LSE in Merger Talks

Inter-dealer broker Icap and The London Stock Exchange have held talks about merging to create one of the most powerful trading platforms in the world, according to the Sunday Times newspaper. The paper, which did not name its sources, said the talks, held over several weeks during the summer, aimed to create the “all-British solution” […]
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