Clear Street, a cloud-native financial technology firm, has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business.
Fox River provides a comprehensive suite of algorithmic execution solutions in US and Canadian equities. These offerings cater to buy and sell-side firms, including many of the industry’s leading quant-driven funds.
Chris Pento, CEO and Co-Founder of Clear Street, said:
“Fox River’s leading algorithmic trading capabilities add another key component to the value chain we offer. Known for their high-performance algos, white-glove service and flexible platform, Fox River has a longstanding and loyal client base, built on proven and respected products and services. This transaction further bolsters our suite of products tailored toward…
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