merger & acquisition

Markit, a leading, global financial information services company, today announced it has agreed to acquire Cadis, the global enterprise data management specialist.

Cadis’ enterprise data management (EDM) platform consolidates data from multiple sources within a centralised hub, providing users with reliable, transparent and auditable data. The best in class platform addresses a multitude of data management needs including front-to-back office integration and data frameworks for trading, pricing, risk and compliance management. 

Acquisition of SIX Swiss Exchange’s 50-percent share closed

LCH.Clearnet Group Limited ("LCH.Clearnet Group") announces it has signed non-binding heads of agreement with International Derivatives Clearing Group, LLC ("IDCG") and The NASDAQ OMX Group, Inc. ("NASDAQ OMX") regarding the acquisition of IDCG. The transaction would represent the latest move by LCH.Clearnet Group to further enhance the range and flexibility of its clearing solutions and would facilitate its recently announced U.S. cross-margining initiative.

On 9 March 2012, LCH.Clearnet Group Limited ("LCH.Clearnet") and London Stock Exchange Group plc ("LSEG") announced a recommended cash offer by London Stock Exchange (C) Limited, a wholly owned subsidiary of LSEG, for a majority stake in LCH.Clearnet. The full terms and conditions of the Offer and the procedures for acceptance of the Offer were described in the circular sent to LSEG Shareholders, and set out in full in the offer document sent to LCH.Clearnet Shareholders (the "Offer Document"), on 16 March 2012.

NYSE Euronext (NYX) announced today that it would not pursue an appeal of the decision by the European Commission to prohibit its proposed combination with Deutsche Boerse.

While we continue to believe that the European Commission decision was based on an incorrect determination of the relevant market definition, we do not believe that the interests of our shareholders and our company would be served by undertaking a protracted appeal.

Rule Financial, an independent provider of business consultancy, IT consultancy and IT services to the global investment banking community, today announces its acquisition of North American consultancy, Waterline Group. This strategic acquisition will accelerate Rule Financial’s growth in North America, providing an entry point to the Canadian market, and will complement the consultancy’s existing presence in New York. Waterline Group will be fully-absorbed into Rule Financial and will operate under the Rule Financial brand.

NYSE Euronext announced today that in light of the decision by the European Commission to prohibit its proposed combination with Deutsche Boerse, the companies are in discussions to terminate their merger agreement. 

Turaz unveils latest version of Kondor+ trade and risk management software

Vista Equity Partners today announced it has completed its acquisition of Thomson Reuters Trade and Risk Management business following the agreement that was announced on 23rd September, 2011. The new company will be called Turaz. The value of the deal was not disclosed.