smartTrade Buys Celoxica, Adding Execution Infrastructure…
By Rick Steves
AI summary of the source article
smartTrade Technologies has acquired Celoxica, expanding its electronic trading and payments business into execution infrastructure for listed equities, futures, fixed income, and options. Financial terms of the acquisition were not disclosed.
Why it matters
The companies describe the combination as "extending coverage from OTC into listed markets and from orchestration and pricing into the infrastructure responsible for processing and transmitting orders."
Key facts
- smartTrade Technologies acquired Celoxica, which brings software and hardware-accelerated services across more than 80 venues.
- Financial terms were not disclosed in the announcement, leaving the acquisition price unspecified.
- Celoxica General Manager Jean-Marc Bouhelier will continue leading Celoxica and join smartTrade's Executive Committee.
Source excerpt · FinanceFeeds
smartTrade Technologies has acquired Celoxica , extending its electronic trading and payments business into specialist execution infrastructure for listed equities, futures, fixed income and options. Celoxica brings software and hardware-accelerated services across more than 80 venues, giving smartTrade a broader position in the technology used between a trading decision and its arrival at an exch…