23 January 2018
visit www.ebaday.com

Markit enters OMS arena with thinkFolio acquisition

14 January 2014  |  6426 views  |  0 Buy Road sign

Financial data outfit Markit is moving into the order management system (OMS) business with the acquisition of thinkFolio. Financial terms of the deal were not disclosed.

London-based thinkFolio provides OMS, portfolio modelling, compliance and cash management capabilities for the cash and derivative markets, claiming around 3000 traders and portfolio managers as users.

The firm's technology is already integrated with Markit's enterprise data management system as well as data services such as Transaction Cost Analysis and iBoxx fixed income indices.

Markit says that the acquisition will help it to expand its franchise in enterprise software and its ability to provide front office solutions. ThinkFolio will operate as a business unit within Markit, while the firm's CEO Andrew Walsh will join the enterprise software management team.

Daniel Simpson, MD and head, enterprise software, Markit, says: "This acquisition expands Markit's technology offering for the front office and enables customers to source order management and portfolio management software as well as enterprise data management, transaction cost analysis and risk analytics, all from a single provider."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Hong Kong brokers tap Markit to meet new e-trading and algo rules

Hong Kong brokers tap Markit to meet new e-trading and algo rules

29 November 2013  |  4975 views  |  0 comments | 2 tweets
Banks and Thomson Reuters join Markit messaging network

Banks and Thomson Reuters join Markit messaging network

07 October 2013  |  6604 views  |  0 comments | 3 tweets | 3 linkedin
EC charges banks, Isda and Markit in CDS investigation

EC charges banks, Isda and Markit in CDS investigation

01 July 2013  |  5809 views  |  0 comments | 4 tweets | 3 linkedin
Markit sounds out banks about IPO - Reuters

Markit sounds out banks about IPO - Reuters

26 June 2013  |  4828 views  |  0 comments | 2 tweets | 1 linkedin
Markit acquires DTCC corporate actions validation service

Markit acquires DTCC corporate actions validation service

17 June 2013  |  7798 views  |  0 comments | 1 tweets | 1 linkedin
Markit to buy Cadis

Markit to buy Cadis

09 May 2012  |  8012 views  |  1 comments
Markit buys quantitative research specialist QSG

Markit buys quantitative research specialist QSG

02 November 2011  |  5791 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9526 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9283 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
9027 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8386 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6972 views comments | 13 tweets | 25 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job