ULLINK To Buy NYFIX And Metabit From Intercontinental Exchange - Quick Facts

(RTTNews) - ULLINK, a provider of electronic trading solutions and connectivity to the financial community, said it has entered into an agreement to acquire NYFIX and Metabit from NYSE Technologies, part of Intercontinental Exchange (ICE). The terms of the transaction were not disclosed.

The transaction is expected to close in the third quarter of 2014.

ULLINK noted that the combined business will be made up of 500 employees, with offices across many of the world's leading trading centres, servicing over 2,000 clients. The new organisation will have combined revenues of over $130 million.

The combined company will be merged to operate under the ULLINK brand and will continue to be led by ULLINK Founder and CEO Laurent Useldinger. Scott Fitzpatrick, COO of NYFIX will become MD of the NYFIX Services business line of the enlarged group and Daniel Burgin, CEO of Metabit, will become COO - ASIA for the enlarged group.