The new kid on the block – a closer look at ‘Bernstein’
Quant trading and algos key focuses for the much-anticipated joint venture between Societe Generale and AllianceBernstein going forward, The TRADE understands.
M&A
Tradeweb set to acquire Institutional Cash Distributors in $785 million cash deal
With the move, Tradeweb is set to further enhance its presence in the corporate treasury markets; acquisition is expected to close in H2 2024.
Kepler’s Ellipsis AM set to acquire Rothschild AM convertible bond business
The transaction involves the transfer of two Rothschild portfolio managers, Cristina Jarrin and Mikael Dauvert, to Ellipsis.
Manulife completes CQS acquisition, expanding its fixed income offering
The deal was first announced in November 2023; following close the CQS brand will be aligned where possible with Manulife as Manulife | CQS Investment Management.
TD to leverage Google Cloud infrastructure after signing multi-year agreement
The move follows a previous collaboration between the parties which saw TD Securities’ Chicago-based subsidiary TDSAT use Google Cloud’s Kubernetes Engine (GKE) capabilities.
Clearwater picks up Wilshire Advisors’ risk analytics platforms for $40 million
The transaction is expected to close later this quarter and create a the newly combined entity co-branded as Clearwater Wilshire Analytics.
The 20 biggest mergers and acquisitions of the last two decades
As The TRADE celebrates its 20th birthday, Claudia Preece rounds up 20 of our most read merger and acquisition deal stories from across market structure and the trading world, delving into the minutiae of these landmark deals and unpacking their significant, lasting impact on the market.
Trading Technologies acquires ATEO as part of push into post-trade
Deal builds on an existing strategic partnership between the pair announced in late 2022 to deliver a sell-side focused post-trade allocation service.
State Street completes acquisition of CF Global
Deal will bump State Street into the ranks of outsourced trading giants such as Northern Trust and UBS, extending its remit in outsourced trading to the UK and Europe.
Tradeweb completes acquisition of algo-based execution technology provider, r8fin
The acquisition was announced last November; r8fin co-founder Assad Fehmy set to join Tradeweb following completion of deal.