ConvergEx Group, a leading technology company, today announced that it has completed its acquisition of RealTick from Barclays Bank PLC.
ConvergEx additionally announced today that it has also completed its acquisition of LDB Consulting, Inc. Financial terms were not disclosed for either transaction.
"We are very excited about these two acquisitions and we look forward to using and expanding RealTick and LDB's technologies in innovative ways," said Joseph M. Velli, chairman and chief executive officer of ConvergEx Group. "With the close of these deals, we have added to our already attractive product offering. Our global reach and fully independent stance is unique in the industry and we believe it gives our clients a tremendous edge."
As the industry's leading global, multi-broker, cross-asset electronic execution platform, RealTick offers an easily deployable and completely broker-neutral execution platform. RealTick's technology integrates seamlessly into almost any trading style and offers sophisticated features that enable traders to simplify their daily workflow.
LDB Consulting specializes in developing software that assists in the computation and optimization of capital charges, including security haircuts and margins. LDB's software suite performs various calculations, including: optimized charges for equities, listed derivatives, baskets and OTCs; portfolio margining; and haircuts for fixed income asset types. LDB's software also calculates repurchase and reverse repurchase agreement charges, taking advantage of allowable relief.