The deal will allow Tradeweb to expand its presence in the institutional trading market, which ICD caters to, and is expected to boost earnings in the first 12 months after the acquisition closes.
Digital trading platform Tradeweb
Markets said on Monday it would buy investment technology
firm Institutional Cash Distributors for $785 million.
(Reporting by Niket Nishant in Bengaluru; Editing by.
Tradeweb Markets (TW) to Acquire ICD streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Tradeweb Buys Money-Market Fund Portal ICD for $785 Million bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.