Trading Technology

02:39 PM
Connect Directly
RSS
E-Mail
50%
50%

ITG to Acquire RedSky

Looking to further expand its trading offerings across asset classes, ITG announced this morning that planned to purchase RedSky Financial, a broker-dealer that specializes in multi-asset class electronic trading.

Looking to further expand its trading offerings across asset classes, ITG announced this morning that planned to purchase RedSky Financial, a broker-dealer that specializes in multi-asset class electronic trading.Chicago-based RedSky provides the buy side with direct access to stocks, options, futures, foreign exchange and bonds through its R3 trading platform. The purchase price is reportedly about $22 million in an all-cash-transaction expected to close in the third quarter.

I'll be speaking with ITG executives on Monday so stay tuned for more on this deal next week.

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.