The deal is a major coup for Trading Technologies, which has invested heavily in expanding its offerings in recent years.
Itiviti onboards another Bloomberg SSEOMS client, with SMBC Nikko deploying its OMS and middle office service.
Itiviti is looking to transition clients from SSEOMS to its own multi-asset OMS after Bloomberg said it will exit the market.
Acquisition to further Refinitiv end-to-end trading solution with order and portfolio management capabilities, expanding on existing execution and analytics services.
FX OMS provider Barracuda FX will expand into fixed income after joining trading software specialist Broadway Technology following the acquisition.
Research says that buy-side firms spent over $1 billion on OMS and EMS last year, as Bloomberg leads list of primary platforms.
Carl James and Yann Couellan persuaded some delegates at the Fixed Income Leaders Summit this week that there is no need for an EMS in fixed income trading.
OMS will initially service FCMs and brokers, with plans to potentially roll out the service to the buy-side in the future.
Eze Software OMS and EMS clients will gain access to Trade Informatics’ SMART automated trading engine.
Trend for back- and middle-office providers bolstering front-office capabilities through acquisitions continues as tech giant buys Eze Software.