Ullink, a provider of electronic trading services, has boosted its presence in the US and Asian markets after completing its buyout of Nyfix and Metabit, which are business units of NYSE Technologies.
The deal was closed on Friday for an undisclosed amount.
Tokyo-based Metabit, which specialises in market access and connectivity services, is expected to increase Ullink’s presence in the
US and Asian markets, while Nyfix’s proprietary trading technology should bolster Ullink’s services, including the MarketplaceTM connectivity network.
Scott Fitzpatrick, Managing Director of NYFIX Services, added: "NYFIX customers will see a step-change in investment in products and services as a result of this acquisition. Our customers will benefit from enhanced services delivered on-premise and through our industry-leading managed services capabilities."
Ullink, which has 500 employees servicing more than 2,000 clients, will continue to be led by CEO Laurent Useldinger.
"The acquisition of NYFIX and Metabit represents a transformative event for the industry. Our combined strengths and scale offer buy-side and sell-side customers a stable, global technology partner to support the needs of their growing businesses," said Unllink’s CEO Laurent Useldinger.