RSS Feed for This PostCurrent Article

TransactTools Brings Valuable New Revenue Source for NYSE

At 01 Jan 2007 13:13:03 in ET-Transaction Messaging, Electronic Trading    Print Article  Email Article   Full content requires subscription 

The recently completed acquisition of enterprise messaging solutions provider TransactTools by NYSE Group brings into the acquiring company a business “interestingly adjacent” to its core activities of running the New York Stock Exchange and NYSE Arca, according to TransactTools CEO Sam Johnson. While the core business of an exchange is to provide liquidity, TransactTools’ business is “all about getting customers to liquidity”, he says. As exchanges start to “look a lot more like technology companies” going forward, in response to the realisation that they can never control all the liquidity, they will extract value from “offering the ability to take customers to liquidity, wherever it is”, Johnson contends. “Our business will be a source of new revenue for NYSE Group, alongside its traditional business.”



You must login and be a subscriber to see the rest of this article.

Existing Users Login

Email: 
Password: 

Free User Registration

To create a free user account which grants you access to an entire library of free issues, articles, and research reports (click here for the full list) fill out and submit the form below.

* Required
Email (as login):* 
Confirm Email:* 
First Name:* 
Last Name:* 
Company: 
Department: 
Job Title: 
Day Phone:* 
Mobile: 
Fax: 
Address:* 
Address 2: 
City:* 
State/Province/Suburb:* 
Postal Code/Zip:* 
Country:*