Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that it has completed its previously announced transaction with ULLINK for the combined sale of NYFIX and Metabit, both units of NYSE Technologies. The transaction closed on September 19 and terms were not disclosed.
“We are pleased to finalize this transaction with ULLINK for the NYFIX and Metabit units of NYSE Technologies,” said Ben Jackson, President and Chief Operating Officer, ICE Futures U.S. and President, NYSE Technologies. “This completes our goal of divesting certain non-exchange related assets from NYSE Technologies and positioning them with a more appropriate owner.”
NYFIX offers a portfolio of end-to-end technology solutions for the financial services industry with FIX-based products designed to serve high-performance messaging, connectivity, routing and monitoring needs. NYFIX Marketplace™ is a global community of more than 1,000 trading counterparties with connections to exchanges and electronic trading venues, including Metabit’s extensive reach in Asia.
Metabit operates a collection of electronic trading and connectivity solutions, including Direct Market Access (DMA) capabilities that enable access to financial markets throughout Asia. Based in Japan and built on cutting-edge technology designed in Asia for Asian markets, Metabit links more than 140 market participants in the region.
Evercore acted as financial advisor and Shearman & Sterling LLP acted as legal advisor to Intercontinental Exchange on this transaction.