21 October 2017
visit www.response.ncr.com

Nyfix acquires 40% stake in EuroLink

06 March 2002  |  2622 views  |  0 Nyfix acquires 40% stake in EuroLink

Electronic trading vendor Nyfix has acquired a 40 per cent stake in Spanish-based EuroLink Network in a bid to expand its equity network presence across Europe.

The transaction involved Nyfix granting licensing and distribution rights to EuroLink and investing $4 million directly in the company as working capital. The terms of the agreement also give Nyfix the option to increase its ownership to 80% at a later date.

Under the deal, EuroLink Network will offer Nyfix' equity terminals, market access and services to the European marketplace, primarily on a transaction fee basis.

Peter Kilbinger Hansen, chief executive officer of Nyfix, says: "EuroLink Network brings a very strong sales team to the table, with solid coverage of several European countries. In terms of a time-to-market issue, this partnership will bring us closer to where we want to be."

Humberto Toro, president of EuroLink Network, notes: "The proceeds from this deal will facilitate our investment in local infrastructure to support a roll-out of Nyfix equity products in Europe."

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 company news


Related blogs

Create a blog about this story (membership required)
visit www.atos.netRegister now

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9154 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8740 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7858 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7351 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6967 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job