Under the agreement, NYSE Euronext can acquire the remaining shares of Fixnetix at any time over the next three years, said the firm.
After acquiring majority of shares in Fixnetix, both firms will continue to operate independently and will work together, as per requirements, to offer customers integrated market access to attractive liquidity markets in Europe, the US and Asia.
The acquisition of Fixnetix will enable NYSE Euronext to extend into global market, complemented with Fixnetix’s low latency market data and trading infrastructure services to present customers a unique combined offering of core managed services.
The company said that the transition will allow both firms to cater trading and market information services to global customers with better integration, scale and ease.
NYSE Technologies CEO Stanley Young said this strategic shareholder interest in Fixnetix aligns with their mission to build a global capital markets community supported by world-class technology, broad connectivity and diverse customer participation that yields greater liquidity and market innovation.
Fixnetix provides ultra-low latency data provision, co-location, trading services and risk controls for more than 50 nations globally.
