CME and ICE are looking to boost their tech capabilities with their planned acquisitions of GFI and SuperDerivatives
Exchanges are branching out into new businesses through
acquisitions, targeting technology firms to provide new
opportunities and mitigate the effects of low volatility and
The IntercontinentalExchange (ICE) said last week it had
agreed to buy financial data firm SuperDerivatives for $350m
and expected the deal to close before the end of the year.
SuperDerivatives provides data and analytics for
over-the-counter (OTC) derivatives and operates an instant
messaging chat platform, similar to the one operated by
"SuperDerivatives is an innovative developer of valuable
derivatives data and technology, and will play a key role in
extending our financial market clearing and data capabilities,"
said Jeffrey Sprecher, CEO and chairman, ICE.
The movement of over-the-counter derivatives onto electronic
platforms due to regulatory changes has enabled the tracking
and usage of real-time data in markets that were previously
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