MarketAxess Acquires LiquidityEdge

FactSet Acquires LiquidityBook

February 7, 2025

Software

FactSet acquired LiquidityBook for a gross purchase price of $246.5 million in cash, closing on February 7, 2025. The acquisition adds LiquidityBook's cloud-native OMS, IBOR and FIX network capabilities to FactSet's portfolio to better connect front- and middle-office workflows for asset managers, hedge funds and sell-side clients.

MarketAxess Acquires Majority Stake in RFQ-hub Holdings LLC

May 12, 2025

Financial Services

MarketAxess Holdings Inc. has acquired approximately a 90% controlling stake in RFQ-hub Holdings LLC, the multi-dealer RFQ platform for listed and OTC derivatives, structured products and ETFs. Founding consortium members including Virtu Financial, Citadel Securities, Flow Traders, Jane Street Capital and BlackRock will retain minority stakes and continue to partner with MarketAxess as it integrates RFQ-hub technology and expands the platform globally.

Trading Technologies Acquires AxeTrading

March 8, 2023

Software

Trading Technologies (TT) acquired London-based AxeTrading, a provider of fixed income trading solutions, to expand TT's multi-asset SaaS platform into corporate, government, municipal and emerging market bonds as well as OTC interest rate swaps. The deal broadens TT's offering across fixed income derivatives and U.S. Treasuries, integrating AxeTrading's pricing, quoting and execution capabilities into TT's global platform; terms were not disclosed.

Macquarie Asset Management Acquires Minority Stake in EDGE

February 3, 2022

Real Estate

Macquarie Asset Management (on behalf of one of its managed funds) agreed to acquire a significant minority stake in Amsterdam-based sustainable real estate developer EDGE. The strategic partnership will support EDGE's expansion of sustainable, tech-enabled office developments across existing and new markets and help scale its platform and development pipeline.

Intercontinental Exchange (ICE) Acquires American Financial Exchange (AFX)

January 13, 2025

Financial Services

Intercontinental Exchange (ICE) has acquired 100% of the American Financial Exchange (AFX) from 7RIDGE. The purchase brings AFX's interbank lending marketplace and the AMERIBOR benchmark into ICE's broader index and mortgage technology network to expand capabilities for regional, midsize and community banks.

LSEG to Acquire Acadia to Enhance Post Trade Offering

December 19, 2022

Financial Services

London Stock Exchange Group (LSEG) has agreed to acquire Acadia, a provider of automated uncleared margin processing and integrated risk, margining and collateral optimisation services for the global derivatives community. The deal brings Acadia into LSEG's Post Trade division to strengthen its uncleared derivatives capabilities; terms were not disclosed and the transaction is subject to regulatory approval.