07 February 2016

Colt to buy MarketPrizm - FT

22 February 2011  |  9767 views  |  0 Buy Road sign

Telecoms firm Colt is on the verge of buying trading technology outfit MarketPrizm from Chi-x Global, according to the Financial Times.

Part of Chi-Tech, MarketPrizm offers market participants connectivity, co-location and hosting, low latency market data, and third-party applications.

With parent Instinet seeking to streamline the business and focus on its growing network of trading platforms in Asia and Latin America, MarketPrizm was put up for sale last year.

Colt is close to agreeing a deal and hopes to make the acquisition public when it reports full year results on Friday, says the FT, citing "two people familiar with the matter".

Colt closes in on MarketPrizm acquisition - FT (subscription)

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

21 February, 2011
11 November, 2010
07 July, 2010
22 October, 2009
22 April, 2009
12 March, 2009
18 November, 2008
20 November, 2007

Related company news

 

Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
10715 views comments | 48 tweets | 41 linkedin
Digital transformation driving earnings at...
9084 views comments | 43 tweets | 36 linkedin
ECB eyes up European P2P payments
7730 views comments | 28 tweets | 38 linkedin
Visa opens up to developers
7433 views comments | 23 tweets | 40 linkedin
It may take ten years, but blockchain tech...
6280 views comments | 20 tweets | 19 linkedin

Featured job

Find your next job