Tradeweb Acquires Nasdaq's U.S. Fixed Income Electronic Trading Platform (eSpeed)

Tradeweb Markets Acquires Algorithmic Execution Provider r8fin

November 16, 2023

Financial Services

Tradeweb Markets Inc. has entered into a definitive agreement to acquire r8fin, a Chicago-based provider of algorithmic execution technology and a thin-client EMS for U.S. Treasuries and interest rate futures. The deal, expected to close in Q1 2024 subject to customary approvals, will augment Tradeweb's execution capabilities across cash and futures markets and is expected to be accretive to 2024 EPS.

Tradeweb Markets Acquires Institutional Cash Distributors (ICD) for $785M

April 8, 2024

Financial Services

Tradeweb Markets Inc. acquired Institutional Cash Distributors (ICD), a leading institutional money market fund portal and treasury investment platform, for $785 million in an all-cash transaction. The deal adds corporate treasury professionals as a new client channel for Tradeweb, complements its fixed-income marketplaces and portfolio analytics capabilities, and was completed on August 1, 2024.

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.

MarketAxess Acquires LiquidityEdge

November 4, 2019

Financial Services

MarketAxess Holdings Inc. completed the acquisition of LiquidityEdge on November 1, 2019 for approximately $150 million (about $100 million cash plus 146,450 shares of MarketAxess common stock). The purchase adds an electronic U.S. Treasuries marketplace and broker-dealer capabilities to MarketAxess' fixed-income trading platform, expanding its treasury trading and hedging capabilities for institutional clients and dealers.

Lightspeed Commerce Acquires Ecwid

October 1, 2021

Cloud & SaaS

Lightspeed Commerce Inc. completed the acquisition of Ecwid, a global eCommerce platform, for approximately $163.6 million in cash (net of cash acquired) plus the issuance of 4,842,674 subordinate voting shares and additional contingent consideration. The deal will integrate Ecwid's SaaS storefront and social-commerce capabilities into Lightspeed's commerce platform to expand omnichannel selling options for merchants.

smartTrade Group Acquires TickTrade Systems Inc.

November 22, 2021

Cloud & SaaS

smartTrade Group has acquired Toronto-based TickTrade Systems Inc., combining complementary eFX SaaS trading and payments technologies to create a global leader in electronic FX trading platforms. The combined business will operate under the smartTrade name, with Hg remaining the majority investor and TickTrade co-founders remaining in senior management roles.